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NMDC Nagarnar steel plant to commission by H2 of 2019-20

Apr. 12, 2019 - In an investor presentation, NMDC said that its Nagarnar steel plant is likely to be commissioned by H2 of 2019-20. It will produce 2.7 million tonnes of flat products like HR plates, HR Sheets, HR Coils, including in automotive steel and API grades. NMDC projected cost estimate of USD 2218 million, but under revision.

It highlighted logistic advantage with location near iron ore mine & centralized location for transportation to customers at Raipur, Vizag etc.

At 100% capacity, steel plant will contribute USD 1.7 billion to the topline of the company with EBITDA of 25%.
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