NMDC Ltd today announced that the Company has signed the contract for By Product Plant (BPP) package for the upcoming 3 million tonne per annum integrated steel plant at Nagarnar in Chhattisgarh, in a filing with the Bombay Stock Exchange (BSE).
The consortium from M/s Shriram EPC Ltd (SEPC) was received on January 10, 2012 and the total cost of the package is Rs 509 crore.
The BPP unit is an installation in integrated steel making, which processes valuable raw coke oven gas from coke ovens to yield by-products like tar, naphthalene and sulphur used in the fuel gas network of the integrated steel plant.
At market closing the stock ended up 2.16% at Rs 172.60 per share on the BSE.