The Hindu Business Line

NMDC’s investment in Nagarnar plant

- PTI

State-run iron ore miner NMDC has invested ₹1,222.65 crore till September 2016 to set up a 3 million tonnes per annum (mtpa) integrated steel plant in Nagarnar in Bastar district of Chhattisga­rh. The plant is expected to start trial production by mid-2017. The company has completed capital expenditur­e of ₹1,434.55 crore till September 2016, of which ₹1,222.65 crore has been invested in Nagarnar steel plant, ₹17.39 crore on pallet plant at Donimalai, ₹75 crore in doubling of KK lines, ₹7.21 crore on Kumarswamy Mine and ₹4.76 crore in Bailadilla Deposits, the company said in a corporate presentati­on here.

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