Steel Industry Monitor

NMDC, Tata Steel Plans Steel Plant

Iron ore miner, NMDC, said on Monday that it is in talks with Tata Steel to sign an equal joint venture for setting up a 2 mtpa steel plant at Bastar in Chhattisgarh.

“We are in talks with Tata Steel to set up 50:50 JV for a 2 mtpa steel plant in South Bastar,” NMDC Technical Director, Mr N K Nanda, told reporters on the sidelines of a conference here.

Mr Nanda, however, declined to divulge any further details on the proposed joint venture.

“Nothing has been finalised, only an MoU has been signed between Tata and us. Probably after sometime, NMDC and Tata may come together to set up a 2 million tonne per annum (mtpa) steel plant,” he said.

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