| NMDC to build steel plant in Chhattisgarh |
| BS Reporter / Kolkata March 17, 2008 |
| The memorandum of understanding (MoU) between Steel Authority of India (SAIL), Rashtriya Ispat Nigam (RINL) and NMDC for a proposed four million tonne plant in Chhattisgarh has been scrapped, and the mining PSU would go alone in the venture. NMDC sources said it was decided by the ministry that NMDC would build the plant. An action plan for the project would be submitted to the ministry this month. A SAIL spokesperson declined to comment on the development. The MoU was signed on August 17, 2007, and according to the arrangement, the three companies were supposed to have equal participation in the project, which would be set up at a suitable site based on the pre-feasibility study to be prepared by a consultant. SAIL had taken the lead for preparing the feasibility report and had nominated Mecon for the purpose. NMDC was supposed to take the lead for obtaining land, mining leases and statutory clearances. NMDC sources said the ministry |
