MMTC looks to firm up iron ore supplies for key Odisha steel plant

MMTC, with a shareholding of 49.9 per cent, is the biggest equity partner in the 1.1 million tonne NINL plant, where two Odisha government PSUs hold stakes.

MMTC has floated open tenders for purchase of calibrated lump ore of 63.5 per cent Fe grade from mine owners of Joda and Barbil sectors for supply of four rakes containing 16,000 tonnes of the material. MMTC has also invited Expression of Interest (EoI) from the mine owners and traders for sourcing iron ore with 62 per cent Fe content for supply of at least 80,000 tonnes per month to the NINL plant