NMDC commissions ₹5,427 crore iron ore processing complex in Chhattisgarh; stock slides 2%
The commissioned project comprises three components: a new iron ore processing plant at Bacheli, a 135-kilometre, 15 MTPA slurry pipeline, and the 2 MTPA pellet plant at Nagarnar.
State-owned iron ore miner NMDC Limited commissioned a ₹5,427-crore integrated project in Chhattisgarh on Saturday, including a 2 million tonne per annum pellet plant at Nagarnar and a 135-kilometre pipeline. The project connects mining operations at Bacheli with NMDC's steel plant in Nagarnar, reducing road-based ore movement and reliance on railways.
The stock of NMDC fell 1.66 per cent to ₹78.24, with sellers outnumbering buyers. This project, spanning three components, is part of NMDC's strategy to increase its iron ore production capacity to 100 million tonnes.
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