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NMDC inks pact with Shriram EPC for BPP package costing Rs 509 crore

11 Jan 2012 Evaluate

State-run NMDC has signed the contract for By Product Plant (BPP) package costing Rs 509.00 crore for the upcoming 3 MTPA Integrated Steel Plant at Nagarnar, with the consortium lead by Shriram EPC (SEPC) on January 10, 2012.

The BPP unit is an important installation in integrated steel making, which processes valuable raw Coke Oven gas from coke ovens to yield by products like TAR, Naphthalene and Sulphur besides clean coke oven gas used in the fuel gas network of the Integrated Steel Plant.

Recently, NMDC has received Australia’s Foreign Investment Review Board’s (FIRB) approval to acquire 50% stake in Legacy Iron Ore, a Perth-based iron ore explorer. NMDC and Legacy will jointly develop Mt Bevan iron ore project in Western Australia. Mt Bevan is considered to hold excellent potential for iron resources that are located close to existing road, rail and port facilities.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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