India takes steps to make Ultra Mega Steel Plants a reality
NEW DELHI . Prime Minister Manmohan Singh-led National Manufacturing Competitiveness Council has entrusted iron ore maker NMDC with the task of creating the basic infrastructure for the first ultra mega steel plant with 12 million tonnes per annum capacity.
NMDC, however, would not have any stake in the project and its role is restricted to creating the infrastructure and offering it to steel producers on competitive basis, a source in the know said.
NMDC would procure land, get clearances like environment and forest approvals ensure raw material linkage among other things. The miner would be allowed to be a part of the mining project which would be mainly linked with the steel plant, sources said. DECCAN HERALD
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