Augsut 20,
NMDC has offered land and Iron ore to Japanese steel maker Nippon Steel to jointly set up Rs 9,500-crore worth steel plant in Karnataka.
“NMDC, in a recent communication with Nippon Steel, has said it will provide about 2,500 acres of land, which the Karnataka government has promised to give it in the Bellary- Hospet region of the state, for the proposed steel plant.
In lieu of the land and Iron ore, it has asked Nippon Steel to bring its technology to India and fund the JV project,” a senior government official said.
Besides Nippon, NMDC is also talking to another Japanese firm Kobe Steel for a joint venture project to produce Iron nuggets in Andhra Pradesh at the premises of Sponge Iron India (SIIL).
NMDC will be the second steel PSU, after SAIL, to be in talks with Japanese companies. SAIL is in talks with Posco to set up over Rs 11,000-crore integrated steel plant in Jharkhand. SAIL is also considering setting up downstream mills to produce specialised steel products with Posco in Maharashtra.
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