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NMDC awards project and construction management contract to Mecon

28 Apr 2012 Evaluate

NMDC, India’s biggest iron ore miner has awarded the project and construction management contract (PMC) to state-run consultancy firm Mecon. The PMC is for the iron ore miners Rs 15,525-crore three mtpa integrated Chhattisgarh steel plant.

The amount of contract has not been disclosed by NMDC however, the implementation schedule of the plant is 48 months. The Chairman of the company and Mecon's commercial director has signed the said contract in Hyderabad.

NMDC with an investment of Rs 15,525 crore, is developing a three mtpa steel plant at Nagarnar in Chhattisgarh which would be funded from its internal resources. The plant would use the blast furnace (BF) and basic oxygen furnace (BoF) route for iron and steel making.

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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