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NMDC inks pact with L&T worth Rs 356.85 crore

27 Jan 2015 Evaluate

NMDC and Larsen & Toubro (L&T) have signed Rs 356.85 crore contract for constructing a reservoir as well as a water treatment plant and distribution network for the company’s upcoming steel plant at Nagarnar in Chhattishgarh.

The public sector miner also signed a separate contract for a value of Rs 314.58 crore with a consortium of Megha Engineering and Infrastructure for construction of an intake well on river Sabari and a cross country pipeline of a length of 34 km for the steel project. All the awarded works in respect of the 3 million tonne- integrated steel plant were being taken up on a war footing.

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.

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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