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NMDC planning to invest in renewable energy sector

11 Jul 2022 Evaluate

NMDC is planning to invest in the renewable energy sector. The company is exploring locations in Telangana to set up solar capacities. The company may also set up the plant on the land available with its sponge iron unit, which is not operational at the moment. Located at Paloncha in Telangana, NMDC's sponge iron unit has a capacity 100-tonnes-per-day.

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 421.50
NMDC 75.00
Ashapura Minechem 489.95
Sandur Manganese 177.90
GMDC 487.80
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