nmdc steel

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The state's regional party Janata Congress (J) on Wednesday said the Congress government has sold the Nagarnar Steel Plant's land to public sector National Mineral Development Corporation (NMDC) at a time when moves are afoot for disinvestment and privatisation of NMDC's greenfield steel

NMDC will divest its steel unit after commi- ssioning of the plant, which will be operational from March 23. NMDC chairman Sumit Deb told reporters on the sidelines of CII Global Mining Summit that there is no question of disinvestment before the plant becomes operational.

NMDC, India's largest iron ore producer, showcased a strong performance in April, achieving a 15% increase in iron ore production, reaching 4 million tonnes. Sales also saw a rise of 3%, totaling 3.63 million tonnes. nmdc steel Limited, its demerged arm, reported an 8.5% month-on-month increase in hot metal output.

Tata Steel and NMDC on Friday signed an MoU to explore possible areas of strategic alliance, including forming joint ventures in the fields of steelmaking and mining in India and overseas.

National Mineral Development Corporation (NMDC) has entered into an agreement with Japanese and Korean companies for supply of iron ore from Bailadila mines in Chhattisgarh 'overlooking' objections raised by ministry of steel.

NMDC on Friday said it may bid independently for a stake in Africa-focused Riversdale Mining and ruled out any possibility of partnering with Tata Steel, which owns a 24% stake in the Australia-listed miner.

State-owned Steel Authority of India (SAIL) is looking at closer synergies with iron ore major NMDC as it goes for capacity expansion in the market, CS Verma, who heads both the PSUs, has said.

Faced with huge input cost pressure of iron ore, steel industry in Chhattisgarh has now questioned the National Mineral Development Corporation (NMDC) over its pricing policy, pointing out that the public sector giant was exporting iron ore to Japan at a much lower rate than its domestic sale price.

Faced with a huge input cost pressure of iron ore, steel industry in Chhattisgarh has now questioned the National Mineral Development Corporation (NMDC) over its pricing policy.

New Delhi, Nov 26 () State-run miner NMDC Monday said it expects to start production at its Nagarnar steel plant by July 2019. The country's largest iron ore miner is setting up a three million tonne per annum (MTPA) integrated steel plant at Nagarnar in Bastar, Chhattisgarh.

Country's largest iron ore producer NMDC is seeking up to 97% increase in iron ore prices from foreign steel makers.

The country's largest iron ore miner National Mineral Development Corporation's decision to reduce prices for October by up to 11% has been met with a lukewarm response from domestic steel companies.

National Mineral Development Corporation (NMDC) has slashed iron ore prices by Rs 400 per tonne giving relief to steel companies after Chhattisgarh chief minister Bhupesh Baghel demanded an immediate roll back of increased iron ore prices by public sector mining giant to ensure regular supply of iron ore to local industries and demanded to fix long term concession rate for iron ore.

In a historic moment for the tribal region of Bastar in Chhattisgarh, the Nagarnar Steel Plant, a greenfield project by the National Mineral Development Corporation (NMDC), marked the initiation of its production operations with the commissioning of the blast furnace on Saturday.

A committee under Union ministry of environment and forest has given green signal to the proposed two million tonnes per annum pellet plant at the integrated steel plant being set up by NMDC in Chhattisgarh.