12
May
01:00
NMDC signs MoU with Sail to establish 'ultra mega' steelworks in Chhattisgarh
NMDC has signed a memorandum of understanding with Steel Authority of India (Sail) to establish an “ultra mega” steel plant in the Bastar district of Chhattisgarh, the Indian state-owned miner says.
The company did not specify the investment cost, production capacity or product range of the new plant, but reports suggest the works will cost INR 18,000 crore ($2.8 billion) and produce up to 3 million tonnes/year of crude steel. NMDC is reported to…
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