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Chhattisgarh Extends NMDC Iron Ore Mining Lease

Mining News - Published on Mon, 18 Nov 2019

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Chhattisgarh government has extended mining lease of NMDC which were set to end in March 2020. Chief Minister Bhupesh Baghel who also holds mining portfolio, gave approval for extending the mining lease after NMDC CMD Mr N Baijendra Kumar agreed to release INR 600 crore immediately to the state government for renewal. Mr Kumar said “I feel obliged to Chhattisgarh Chief Minister for conceding my request to extent mining lease.”

He also informed that NMDC has also decided to go with the cash-strapped Chhattisgarh Housing Board for construction of a township for upcoming Nagarnar Steel Plant in Bastar district. The project cost is estimated to be INR 1,200 crore which could go up to INR 2,000 crore once completed.

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Posted By : Rabi Wangkhem on Mon, 18 Nov 2019
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