Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Commissioning of NMDC steel plant delayed

Tuesday, 29 Sep 2020
Share this on :

The commissioning of NMDC’s three million tonne capacity steel plant in Chhattisgarh scheduled for 2020 has been delayed due to COVID-19 and is now expected by July 2021.

Experts from foreign countries, engaged in the project work, could not undertake a visit for an inspection and clearance in view of COVID-19 travel restrictions.

NMDC has so far invested Rs 16,000 crore in the plant and the total cost will be Rs 21,000 crore once completed. The plant is on the verge of completion and some balance work will be taken up.

The steel plant is expected to generate annual revenues of Rs 14,000-Rs 15,000 crore (at the optimum production levels) with EBITDA margins of 15-20 percent.

NMDC normally invests about Rs 2,000 crore towards capital expenditure (capex). However, in FY21 it will slightly reduce to Rs 1,860 crore.

NMDC has been in discussions with both the Karnataka government and the Centre on Donimalai Mine lease extension to resolve certain unviable terms in the lease agreement.

On 15 September 2020, the State Cabinet cleared the company's application for starting mining operations at Donimalai. However, actual resumption of mining operations in Donimalai mines is expected to start in the October 2020 which will add production of five to six lakh tpm.

 

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services