Steel Minister lays foundation of 7.0 MTPA Screening and Beneficiation Plant at NMDC's Karnataka iron mine; Directs to aim for 100M tonnes production capacity

10 Jan 2022 , 04:03 PM

Union Minister of Steel, Ram Chandra Prasad Singh, laid the foundation stone for a 7.0 MTPA Screening and Beneficiation Plant at NMDC’s Donimalai Iron Ore Mine in Karnataka. On Monday, NMDC stock closed on a higher note on stock exchanges.

The Steel Minister reviewed operations at the Donimalai and Kumaraswamy iron ore mines and the NMDC Pellet Plant on his visit.

Addressing the officials, he said, “The largest producer of iron ore in India – NMDC has consistently met the infrastructure needs of the country. As India gears up to become an iron and steel powerhouse and we head closer to achieving the Steel Vision 2030, NMDC will play a pivotal role.”

He also directed close monitoring of execution and commissioning of ongoing projects so that they could be completed on priority.

On Saturday, while inaugurating the NMDC Tree Plantation Drive as part of the Azadi Ka Amrit Mahotsav celebrations, the Steel Minister emphasized our collective responsibility towards a Green India.

Ram Chandra Prasad Singh congratulated NMDC on earning 5 Star Ratings for all their mining complexes and said, “The mining sector must be deeply conscious of its impact on the environment. Sustainable mining practices and conservation initiatives are the need of the hour. It is a matter of pride that NMDC is committed to eco-friendly mining.”

At present NMDC produces 7.0 MTPA Iron Ore from the Donimalai mine which is processed by SP-1. Kumaraswamy Iron ore mine that has a capacity of 7.0 MTPA and will be enhanced to 10.0 MTPA in the future. To process iron ore from Kumaraswamy Iron Ore Mine, the setting up of SP-2 Screening Plant of 7.0 MTPA capacity is under progress with a future provision of increasing its capacity to 10.0 MTPA. Provisions are also being made for SP-2 to process iron ore from both KIOM and Donimalai.

Earlier welcoming the Minister to the company’s mines, CMD Shri Deb shared NMDC’s excellent performance this year, its expansion plans and CAPEX outlay and explained how allotment of mines under reservation route, in Odisha and Jharkhand could help NMDC become a 100 MT iron ore mining company by 2030.

On Sensex, NMDC closed at Rs139.95 per piece up by 0.94%.