Tag: NMDC Plan to hike capacity

India: NMDC to Invest USD 1 Billion in 3 Years to Hike Output Capacity by 55%

May 31, 2019

—

by

Admin Operation

in Fines/Lumps

State-owned iron ore miner NMDC plans to spend around USD 1 billion in three years to ramp up production capacity by around 55% to 67 MnT from 43 MnT now. In the Bailadila sector, it proposes to enhance capacity from the existing mines to 38 MnT from 29 MnT now. The miner plans to create…