NMDC is planning to invest nearly Rs 6,500 crore during FY19 and FY20 towards capex even as the company is expected to start production from its upcoming 3-million tonnes per annum capacity steel plant at Nagarnar Chhattisgarh in FY20. The company aims to invest Rs 3185 crore in FY19 and Rs 3290 crore in FY20 on capex. In the last year, the company invested Rs 2800 on capex.
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.
