NMDC has decided to go solo for setting up a three million tpa steel plant in Chhattisgarh.

Earlier the project was planned with a capacity of four million tpa, to be developed in joint venture with Steel Authority of India (SAIL). In August 2007, NMDC, SAIL and Rashtriya Ispat Nigam had signed a memorandum of understanding (MoU) for the project. The proposed MoU will now be scrapped and NMDC alone will implement the project. However, RINL will remain linked to the project to provide technical support to NMDC in the areas of project management and construction related activities.

It is learnt that, the joint venture company plan was dropped as some mining leases owned by NMDC will have had to be transferred to the new company. This will have involved lengthy procedures.

NMDC has identified land near Dilmilli village in Bastar district in Chhattisgarh and currently public sector MECON is preparing the techno-economic feasibility report for the proposed plant.

Also See:

SAIL, RINL to pull out of JV with NMDC (18-Mar-08)

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