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.