August 11,
State-owned NMDC today said that it will invest Rs 3,000 crore to set up a 12 million tonnes per annum (MTPA) pipeline in Chhattisgarh to supply Iron ore to its domestic steel customers.
NMDC chairman and managing director Rana Som said, “We will set a 424-km pipeline between our Bailadila mines and Vizag at an investment of Rs 3,000 crore and will have an annual production capacity 12 MTPA.”
The company said it plans to place orders for the pipeline by October this year and commission it in the next two years.
NMDC’s domestic customers like RINL and Essar Steel will be most benefited from the pipeline.
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