NMDC Steel hits 1 million tonne liquid steel output

HYDERABAD: NMDC Steel Limited (NSL) on Thursday said it has hit a production of 1 million tonnes of liquid steel within just one year of starting operations and is now gearing up to hit a production of 1 million tonnes of hot rolled (HR) coils by August 23, 2024.

The latest milestone comes just a year after the company marked the first blow-in of the blast furnace at its advanced steel plant in Nagarnar, Chhattisgarh, on August 12, 2023. Since then, the company has achieved a cumulative production of 1.5 million tonnes of hot metal by July 21, 2024, and 1 million tonnes of hot metal in just 226 days.

The public sector enterprise under the Union steel ministry, which is the newest entrant in the country’s PSU steel manufacturing, operates a 3 million tonnes per annum steel plant that has been built at an investment of Rs 22,900 crore at Nagarnar in Chhattisgarh. The plant is strategically located nearly 100 km from NMDC’s Bailadila iron ore mines.

"This achievement underscores our commitment to operational excellence and positions NMDC Steel Limited as a key player in the Indian steel industry," said Amitava Mukherjee, chairman & managing director (additional charge), NMDC Steel Limited.

The plant has been built with an eye on supplying critical steel needed for building bridges and ships to automobiles and military equipment.