Andhra Pradesh government has signed a Memorandum of Understanding (MoU) with the National Mineral Development Corporation (NMDC) for supply of iron ore to the proposed integrated steel plant in Kadapa district. An extent of 3,295 acres of land has to be acquired in Jammalamadugu area of Kadapa district for the proposed plant. The proposed plant would be completed within three years and provide employment to about 20,000 persons.
The integrated steel plant will have a production capacity of three million tonnes per annum. It, thus, requires at least 4.5 million tonnes of iron ore every year.
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.
