NMDC restores Rs 1,395 crore order to BHEL

03 Sep 2019

NMDC has restored Rs 1,395 crore order to Bharat Heavy Electricals (BHEL) for setting up a raw material handling system at its steel plant in Nagarnar, Chhattisgarh. In July, NMDC had sent a notice to terminate the contract awarded to BHEL for setting up the system. NMDC had given the contract to BHEL in 2011. BHEL was to complete the work till February 28, 2014.

Subsequent to the discussions, NMDC has revoked the termination of the contract and restored the original contract on August 27, 2019. A contract to set up the system at NMDC's under-construction integrated steel plant at Nagarnar in the Bastar district of Chhattisgarh is being executed by the BHEL-ISG Bengaluru division.

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.

Related NMDC Ltd. Links:

NMDC Share Price

124.00 -0.35 (-0.28%) Jan 28, 12:35
1 Year Price Chart
Peers
Company Name CMP
Coal India 190.15
NMDC 124.00
GMDC 65.00
MOIL 149.55
Sandur Manganese 805.00
View more..
Sensex vs NMDC
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463