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This is the only new large-scale steel plant currently fully ready to start production India, with little likelihood of a new plant of similar size plant coming up in the next few years. Tata Steel and JSW Steel are expanding capacity at their existing mills. [5] NMDC Steel Limited (NSL) was listed at the Bombay Stock Exchange on 20th Feb 2023.
National Mineral Development Corporation (NMDC) is setting up a 3 MTPA capacity greenfield Integrated Steel Plant in Nagarnar, located 16 km from Jagdalpur, with an estimated outlay of Rs 210 billion. The land for the plant has already been acquired as of August 2010 and, as of February 2012, five major packages of the steel plant have already ...
A pure-play miner, NMDC had in 2009–10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio. The idea was also to hedge itself against the vagaries of iron ore prices. [8] [9] The plant site is around 16 km from Jagdalpur and 6 km from the Odisha–Chattishgarh border.
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WASHINGTON (Reuters) -The White House on Thursday said Nippon Steel Corp's $14.9 billion proposed acquisition of U.S. Steel Corp deserves "serious scrutiny," given the company's core role in U.S ...
US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...
Nagarnar Steel Plant. National Mineral Development Corporation (NMDC), as part of its diversification, value addition and forward integration programme is setting up a 3 MTPA capacity greenfield Integrated Steel Plant based on HiSmelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of Rs 20000 ...
The steelmaker's CEO David Burritt told WSJ the nearly $3 billion Nippon had pledged to invest in U.S. Steel's older mills was crucial to remain competitive and maintain workers' jobs. "We wouldn ...