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Steel ministry wants to put off sale of NMDC Nagrnar Steel Plant

Steel News - Published on Tue, 01 Oct 2019

Image Source: SteelGuru
ET reported that the union steel ministry has called for deferring the proposed sale of NMDC’s Nagarnar Steel Plant in Chhattisgarh until the plant is commissioned, citing the huge investments involved and sensitivities of the Maoists-affected Bastar district where it is being built.

NMDC has invested INR 15;937 crore up to August end in the three million tonnes per annum plant and is expected to spend another INR 7;203 crore over the next 8-9 months. The plant is expected to be commissioned by June 2020.

Source :

Posted By : Sanju Moirangthem on Tue, 01 Oct 2019
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