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NMDC to set up 3 mtpa steel plant in Karnataka

Industry Metallurgical industries

NMDC Limited along with Karnataka state government is planning a 3-million tonne per annum greenfield steel mill in Karnataka. A special purpose vehicle (SPV) to implement this project will be set up very soon. Estimated cost of the project is around Rs.18,000 crore. Further, NMDC will scale it up to six million tonnes per annum in the second phase.

Extracted from BS, July 07,’15

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