In a bid to increase iron ore production from its Bailadila mines in Chhattisgarh, state-owned miner NMDC is reportedly planning to invest around Rs 2,300 crore. With this, the production capacity of Bailadila mines will increase by about 9 million tonnes per annum.
In this regard, the miner has already approached the Ministry of Environment and Forests (MoEF) for necessary clearances for mining activity. The proposal has already been submitted to the MoEF for enhancement of production of iron ore from Deposit no.4. The estimated capital cost of the project will be Rs 1,899.74 crore.
The mine is basically to cater to the iron ore requirement of upcoming 3-million tonnes integrated steel plant being set up by NMDC at Bastar and also other steel industries in Chhattisgarh.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
