MMTC Ltd-promoted Nilachal Ispat Nigam Ltd is planning to expand its hot metal capacity from the present 1.1 to 5 million tonnes (MT) a year at its Kalinganagar plant in Jajpur district of Odisha. In the first phase, it plans to double the capacity to 2.2 MT by 2020 at around Rs.6,000 crore and further ramp it up to 5 MT by 2025 for about Rs. 14,000 crore. Mecon, would submit the techno-feasibility report for the project by Jan’16.
Extracted from HBL, Nov 30,’15