MMTC plans to invest Rs 6,000 crore to double NINL’s capacity

MMTC is planning to invest about Rs 6,000 crore to double the capacity of Neelachal Ispat Nigam (NINL) in the next four years. Neelachal Ispat's board has already given in-principal approval for the expansion to 2.2 million tonnes hot-metal capacity. All the three major promoters have agreed in-principle for the expansion plan. The company holds 50% stake in Neelachal Ispat while, NMDC and Odisha Mineral Corp, have 12% and 28%, respectively.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.