NMDC, CMD reviewed the progress of 3 MTPA Integrated Steel Plant in Nagarnar

Chhattisgarh: Chairman and Managing Director, National Mineral Development Corporation (NMDC) Sumit Deb visited NISP Nagarnar today along with Director (Technical) Shri Somnath Nandi. 

Together they reviewed the progress of 3 MTPA Integrated Steel Plant, encouraged the employees to achieve project completion with continued diligence.

Ministry of steel has engaged MECON under a contract dated 23 February 2011 for Engineering, Design and Consultancy services for the upcoming Steel Plant Nagarnar. As a part of the above, MECON is providing Procurement Services, Basic Engineering Services, Detailed Engineering Services, Designer’s Supervision Services, Inspection Services, Assistance in Commissioning Services and other General Services.

Government of India under Ministry of Steel is setting up a 3 MTPA capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of Rs. 21500 crore. A pure-play miner, NMDC had in 2009-10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio.

The idea was also to hedge itself against the vagaries of iron ore prices. This is the only new large-scale steel plant currently under construction in India, with little likelihood of a new plant of similar size plant coming up in the next few years. Tata Steel and JSW Steel are expanding capacity at their existing mills.

The estimated time period for completing the project was about four years which is already overrun by four and half years, as of November 2020. Construction work for the project is in progress and around 95% of civil work, 95% of structural erection, 90% of equipment erection have been completed as on 19 November 20.

Read Also : NTPC Kaniha hosts successful Rural Volleyball Tournament