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07 Oct
12:09

NMDC incorporates new Jharkhand steel subsidiary

Indian miner NMDC says in a stock exchange filing that it has now set up a new subsidiary steel company in Jharkhand. The wholly owned subsidiary by the name of Jharkhand Kolhan Steel Ltd was incorporated on 24 September, NMDC confirms. This is related to the [… previously announced] development of a steel plant in the state of Jharkhand through a special purpose vehicle (SPV) route, the company says. In July NMDC signed a memorandum of understanding w…
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