PSU NEWS
NMDC acquiring 3,000 acres for Bellary steel plant
HYDERABAD. NMDC is in the process of acquiring 3,000 acres in Karnataka for setting up its second steel plant with an annual capacity of 3 million tonnes, at an investment of around Rs 18,000 crore.The company has already deposited Rs 158.68 crore with KIADB as the tentative cost of the land plus service charges payable to the state agency. “We have engaged MECON as consultant for preparation of techno-economic feasibility report for the project,” he added. The company, he said, has also received approval from the state government for water and power required to the proposed steel plant.
“We are going ahead with the steel mill. The process of acquiring about 3,000 acres land for the proposed steel plant through Karnataka Industrial Areas Development Board (KIADB) is also under progress,” a senior company official said.BUSINESS STANDARD
News Must Read
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI