NMDC is likely to invest around Rs 4000 crore in FY15 in planned steel plant. Of total, the company will invest Rs 3,070 crore in continuing schemes of expansion, Rs 240 crore in new schemes, Rs 400 crore in business development, and Rs 335 crore in investment in other ventures etc.
Meanwhile, the company’s sales volume stood at 30 mt in FY14 and the same is expected to increase to 30-35 mt in FY15.
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.
