NMDC expect 3 million tonne steel plant in Chhattisgarh by 2016
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Thursday, 02 Oct 2014
It is reported that NMDC expects to commission its 3 million tonne capacity steel plant at Nagarnar in Chhattisgarh by the end of 2016.
Speaking on the sidelines of the company’s 56th annual general meeting in Hyderabad, NMDC chairman Mr Nare-ndra Kothari said that “As per contractual agreement, the steel plant is expected to come up in financial year 2016-17 and will be commissioned by the end of 2016.”
The integrated greenfield steel plant with a capacity of 3 million tonnes per annum will reach its full production capacity in 3 years.
Mr Kothari said that “Normally to attain the full capacity of a plant, it requires three years. In the first year, the plant is operated at 60% to 75% capacity, 75% to 80% in the second year and the full production capacity will be attained in its third year.”
He said that “The company’s ambitious steel plant project is in full swing. All the nine major technological packages have been awarded, while civil work, structural erection and equipment erection work are progressing at site.”