NMDC, NLC to invest over $26 million for setting up R&D facility

NMDC Ltd. | Mining & Minerals | Metals & Mining | BSE: 526371 | NSE: NMDC

21 May 2018 Evaluate

NMDC and NLC India (formerly Neyveli Lignite Corporation) may invest over $26 million for setting up an R&D facility for developing innovative technologies in iron and steel making. Both the companies are expected to sign a joint R&D agreement with Environmental Clean Technologies (ECT) an Australian company expert in commercialising leading-edge coal and iron-making technologies.

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	419.00
NMDC	80.69
Ashapura Minechem	518.35
Sandur Manganese	182.00
GMDC	553.15
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