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Nmdc To Invest $1B In Infrastructure, Ramp Up Ore Production | Business Standard News

by business-standard.com posted 2months ago 37 views
NMDC has already invested Rs 14,500 cr on a three-million-tonne capacity steel plan. : National Mineral Development Corporation Limited (NMDC Ltd) is in the process of investing about $1 billion on infrastructure in the next three years to help ramp up iron ore production, a senior official of the public sector undertaking has said. Director (finance) of the company Amitava Mukherjee said the cost of the upcoming three-million tonne capacity steel plant would go up to Rs 19,000 crore against the estimated Rs 15,500 at the time of conception. "The mine capacity is also being increased.