MoneyWorks4Me

NMDC planning to set up new integrated steel manufacturing plant

11 Apr 2019 Evaluate

NMDC is ramping up its iron ore mining capacity and is planning to set up a new integrated steel manufacturing plant at a cost of $2.2 billion (about Rs 15,335 crore).

The steel plant is likely to be commissioned during the second half of 2019-20 (October 2019 to March 2020).

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
View more..