NMDC has incorporated a wholly owned subsidiary company by the name ‘NMDC Steel’ under Companies Act, 2013 having its registered office at Bastar district in state of Chhattisgarh. This wholly owned subsidiary company has been incorporated for the purpose of transferring NMDC Iron & Steel Plant (NISP) into the said wholly owned subsidiary company ‘NMDC Steel’.
This process is aimed at speeding up the progress of the construction of the project for smooth operations later. This will also facilitate focused attention on setting up of the steel plant considering the magnitude of the project and investment. All the works of all major packages of NMDC’s 3 MTPA Integrated Steel Plant at Nagarnar are being taken up on war footing so that the timelines for commissioning of plant can be met.
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.
