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MMTC’s JV inks mining lease agreement for Iron ore

12 Jan 2017 Evaluate

Neelanchal Ispat Nigam (NINL), Joint Venture Company promoted jointly by MMTC and Government of Orissa has signed a mining lease agreement on January 11, 2017 for Iron Ore, the basic raw material for operation of NINL.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.

Peers
Company Name CMP
Redington 332.50
Adani Enterprises 2701.80
Amrapali Industries 33.99
Maxgrow India 172.35
Rashi Peripheral 745.00
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