NMDC plans to invest Rs 3,000 crore to set up a 12 million-tonne per annum pipeline out of Chhattisgarh in a bid to improve iron-ore evacuation. NMDC will set a 424-km pipeline between our Bailadila mines in Chhattisgarh and Vizag port to help in evacuation of products that are affected due to damage to the existing pipeline.
The capacity of the pipeline will support NMDC’s expansion in the Bailadila region where production will rise from the current 22 to 23 million tonne to around 40 million tonne in next four to five years. It will also help its domestic customers like RINL and Essar Steel.
The proposed pipeline, which will run along the existing highways, is expected to be complete by October 2012. NMDC is finalising a contractor that will operate the pipeline on behalf of the company.
crackcrackCompany Name | CMP |
---|---|
Coal India | 455.55 |
NMDC | 257.80 |
GMDC | 434.70 |
Sandur Manganese | 525.05 |
MOIL | 417.95 |
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