It is reported that state owned National Mineral Development Corp will begin construction of INR 17,000 crore integrated steel project in Chhattisgarh by the year end.
According to Dr Raman Singh chief minister of Chhattisgarh, the plant with an annual capacity of three million tonnes will come up over 995 acres in the Nagarnar area in Bastar district, 300 kilometer south of state capital Raipur.
Dr Singh said that “NMDC will start construction by November-December and work will pick up in full swing by mid 2010. From then, it will take 36 months to begin production of flat steel and HR coils.”
He added that the project is critical to the development of an impoverished Bastar, where the state government hopes to expand infrastructure to counter Maoist insurgents who hold sway in forested interiors.
A senior NMDC official said the water required for steel production will be brought from Sabri River, 32 kilometer from the project site.
The steel project needs a little over 5.5 million tonnes of iron ore annually, which will be sourced from NMDC’s Bailadila deposits from the neighboring Dantewada district about 120 kilometer from the plant.
(Sourced from http://www.steelguru.com/news/index/2009/09/09/MTEwODQ3/NMDC_Bastar_steel_plant_to_start_by_year_end.html)
Tuesday, September 8, 2009
NMDC Bastar steel plant to start by year end
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