NMDC targets 75 mt iron ore production by 2018-19 REGULATORY AFFAIRS

NMDC targets 75 mt iron ore production by 2018-19

 

HYDERABAD.  NMDC has its task cut out. It faces a tough challenge ahead, with the Government revising its production targets and deadlines to 75 million tonnes by 2018-19 and 100 million tonnes by 2022. Having added just about five million tonnes of new production in the last five years to reach the current capacity of 34 million tonnes, the PSU under the Ministry of Steel indeed faces a daunting task. It will have to go all out to open up new mines to meet the target.

 

NMDC’s chairman and managing director Narendra Kothari feels that the targets are achievable. “We have the resources and the money to support the expansion plans,” he told Business Line in an exclusive interview.

 

India is estimated to have iron ore reserves of about 2,150 million tonnes, out of which Bailadila, where NMDC has its mines, accounts for almost 1,850 million tonnes.

 

The company is coming out with a detailed corporate and investment plan-Vision 2025 next month which will chalk out the roadmap to achieve the 75 million tonne target by 2019.Business Line .
 



Posted Date :  

Categories : REGULATORY AFFAIRS

Similar news

Power Regulator Order In Consumers Interest Pramod Deo

MUMBAI. The Appellate Tribunal for Electricity (Aptel) has struck down the Central Electricity Regulatory Commission (CERC)’s order on compensatory tariff. Former CERC chairman Pramod Deo, during whose tenure the compensatory tariff order was passed, talks to Sanjay Jog on the issue. &n
Posted Date :  

Read more

NMDC targets 75 mt iron ore production by 2018-19

HYDERABAD.  NMDC has its task cut out. It faces a tough challenge ahead, with the Government revising its production targets and deadlines to 75 million tonnes by 2018-19 and 100 million tonnes by 2022. Having added just about five million tonnes of new production in the last five years to r
Posted Date :  

Read more

Power regulators invite feedback on net metering proposals

  NEW DELHI .  In response to recent net metering guidelines put forward by India’s Ministry of New and Renewable Energy, Delhi’s DERC has invited feedback and suggestions from stakeholders and consumers on the proposal to introduce such a scheme.   DERC has
Posted Date :  

Read more

CEA asks CERC to expedite tightening of power grids frequency

NEW DELHI .  The Central Electricity Authority has asked power sector regulator CERC to expedite the process of tightening the permissible frequency at which electricity can be transmitted through the grids in the country.    The move comes against the backdrop of the gover
Posted Date :  

Read more

KSERC puts forward revised open access regulations

KOCHI.  The Kerala State Electricity Regulatory Commission (KSREC) has put in place a system to enable the power consumers, especially those who consume large quantities of power, to access energy from sources of their choice using the linking network of transmission and distribution license
Posted Date :  

Read more

CERC seeks discom nod over compensatory tariffs quantum

NEW DELHI .  CERC,  has sought clarity from state distribution companies on their approval over quantum of compensatory tariffs proposed by the Parekh panel. The panel had recommended a compensatory tariff of 45-55 paise for its 4,000 MW Mundra plant and a tariff increase to the tune of
Posted Date :  

Read more

CERC seeks discom nod over compensatory tariffs quantum

NEW DELHI .   CERC has sought clarity from state distribution companies on their approval over quantum of compensatory tariffs proposed by the panel. CERC, the report is likely to go back to the panel. With the absence of discom approval, regulator has sought clarity from these distribution
Posted Date :  

Read more

CERC returns Parekh panel report on Tata, Adani tariff relief

NEW DELHI .  The Central Electricity Regulatory Commission ( CERC) has returned the recommendations submitted by a panel headed by Deepak Parekh that proposed increasing tariff for plants at Mundra in Gujarat saying the reports were not signed by all members of the committee.  
Posted Date :  

Read more

Open separate counters for RTI applications: CIC

NEW DELHI . In an order that could make filing of Right To Information (RTI) applications easier, the Central Information Commission has asked the department of post to issue RTI stamps of Rs. 10 denomination and open separate counters for accepting the applications at its 1.5 lakh post offices.
Posted Date :  

Read more

Time-of-day metering at homes unviable: Experts

NEW DELHI: The Delhi Electricity Regulatory Commission on Monday received an official communication from Delhi government requesting it to look into the proposal for extending time-of-day metering in the domestic category. The government has proposed that TOD could be offered to domestic consumer
Posted Date :  

Read more

TNERC not right authority to deal with consumer complaints

  CHENNAI.  The Tamil Nadu Electricity Regulatory Commission (TNERC) has said it is not the right authority to deal with consumer complaints such as delay in provision of new service connections, defective meters, incorrect billing and erratic power supply.    
Posted Date :  

Read more

DERC hikes tariff by 5 per cent, waives fuel surcharge

  New Delhi.   Power tariff for domestic consumers was today hiked by five per cent by Delhi’s power regulator DERC but it waived the fuel surcharge, which will mean the hike will be marginal for residents except those in NDMC areas.       Electr
Posted Date :  

Read more

CERC suggested to hold public hearing on tariff issues

  Mumbai: Prayas, an energy policy-related research organization and authorized consumer representative of the Central Electricity Regulatory Commission (CERC), has suggested that the central power regulator should hold a public hearing before deciding the final tariff for the Tata Power
Posted Date :  

Read more

APTransco may contest GVK`s capital cost hike

HYDERABAD.  The state power regulator’s recent decision to enhance the capital cost of the 15-year old gas-based power plant owned by GVK group may not go uncontested as the state power utility will have to pay more to enable the company to recover the additional cost. “We are pl
Posted Date :  

Read more