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NMDC move to sell Bastar steel plant facing protests

Steel News - Published on Mon, 17 Jul 2017

Image Source: NMDC
Economic Times reported that state owned miner NMDC move to sell off its upcoming three million tonne steel plant at Nagarnar in Bastar district of Chhattisgarh has generated a groundswell of protests in the region. On Thursday, a large group of people comprising sarpanchs and project affected people from eight nearby villages -Nagarnar, Kasturi, Amagoda: Marpal, Maganpur, Upanpal, Karanpur and Chokawada -gheraoed NMDC's executive director at Nagarnar for five hours as a mark of protest against the company's proposed move.

They submitted a memorandum seeking details about the company's strategy on the reported move towards privatisation of the plant and urged the management to stall the sale.

Mr Swapan Mukherjee, joint secretary of Steel Sramik Union (SSU) at Nagarnar said that "Most of the people who joined Thursday's demonstration were villagers who had given up their land for the steel project on the assurance that it was being promoted by a government company.” He said that "With the proposed talks about privatising the unit, they feel they have lost out.”

The gherao was lifted only after the ED promised them he would get back with details from the company's headquarters in Hyderabad. A government notification had recently gave NMDC a 270 day timeframe to complete the privatization of Nagarnar Steel Plant.

NMDC recently said the process for the sale has started and it expects to get around INR 14,000 crore, with the process likely to be completed by FY18 or beginning of FY19.

Source :

Posted By : Sanju Moirangthem on Mon, 17 Jul 2017
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