NMDC To Set Up First Pig Iron Plant

Chhatisgarh, July 29: | Updated: Jul 30 2002, 05:30am hrs
State-owned National Mineral Development Corporation (NMDC) would set up its first pig iron plant at Jagdalpur under Bastar district of Chhatisgarh, with Russian expertise, a senior company official said.

The proposed 9.5 lakh tonne plant would have a capacity of 1.5 lakh tonne in the first phase which would be operational within two years, NMDC’s general manager (Bacheli Iron Deposit) Shiv Om Garg, told PTI here. The plant’s phase II would be set up after the commissioning of the first phase with the Russians providing the expertise, he said. Mr Garg declined to divulge the expenditure required for setting up the plant.

The NMDC, which started the iron ore project in Bailadila range in 1958, has another iron ore project at Donimalai in Karnataka. General manager of NMDC (deposit 14 and 11C) V K Jain, however, said the company’s core strength still lay in iron ore mining.

“We want India to become the topper in the world iron ore market, dislodging Australia and Brazil from their spots. India is ranked fifth in the world market,” he said. NMDC posted a profit of Rs 300 crore in 2001-02 on a turnover of Rs 362 crore. In the Indian market, the company supplies iron ore to Vizag steel plant, Sail, MMTC and NACL.

About the estimated iron reserve of the 14 deposits in the bailadila range, Mr Jain said, it would run into several millions of metric tonne (mt). The range produced 15 mt of iron ore annually to be transported by rail traffic.

The PSU mining major, which achieved a Rs 362 crore turn-over in 2001-2002, targeted Rs 900 crore in another two years and planned to achieve the target with optimal use of its assets, by using latest mining technology and economising the ore transportation cost.