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ECT’s Steel Making Technology Unproven & Irrelevant - NMDC

Steel News - Published on Fri, 26 Jul 2019

Public sector mining major NMDC Ltd, which had signed a research collaboration agreement with Environmental Clean Technologies of Australia in May 2018, has described ECT’s lignite-based steel making technology as unproven and one that has no business relevance for NMDC. NMDC said “It feels that it would not be prudent to consider investment in partnership with a company that is precariously placed.”

Accordingly, the board of NMDC has decided that the company should not go ahead with the proposal for a collaborative research project, at the heart of which is a INR 150-crore pilot for producing steel.

Source :

Posted By : Ratan Singh on Fri, 26 Jul 2019
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