NMDC is planning to invest Rs 10,000 crore on setting up slurry pipelines and pellet plants, among other works, for its upcoming steel plant in Chhattisgarh. The investment will be divided into two parts -- setting up slurry pipelines and pellet plants for Nagarnar steel plant and another slurry pipeline from Nagarnar to Visakhapatnam. While the projects in Chhattisgarh cost Rs 4,000 crore, the Vizag portion would cost Rs 6,000 crore. The PSU will also set up a pellet plant in the port city.
The slurry pipeline system from Nagarnar to Vizag along with the pellet plant at Vizag will be setup in joint venture, in which NMDC and RINL will be prime partners and selection of other partners is in progress.
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.
