State-owned miner NMDC is planning to start commercial production of its 3 million tonne per annum capacity steel plant in Chhattisgarh by the middle of 2017. The plant erection will be completed by December 2016. The company is in the process of setting up a steel plant in Nagarnar in Chhattisgarh with an investment outlay of over Rs 15,000 crore. The capacity of the steel plant will be about 60 percent for the first year and will go up gradually to 100 percent over a period of time.
Chhattisgarh government has allotted a mine - Bailadila Deposit-4 - to NMDC and Chhattisgarh Mineral Development Corporation JV for captive purpose for an Integrated Steel Plant. The iron ore will be supplied to the plant at market price, not on transfer basis.
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.
