NMDC to sign MoU with Russia's Severstal
COAL & MINING

NMDC to sign MoU with Russia's Severstal

NMDC, is set to sign a MoU with Severstal for a plant in Karnataka. The deal, entailing an initial investment of $1 bn from Severstal, would be the biggest Russian investment in the non-defence sector and also the first Russian investment in the steel sector. The plant size is of 2 mn tonne, but is likely to be scaled up to 5 mn tonne. The plant, for which NMDC already has an MoU with the state government, would produce auto grade and electrical steel.

Contact: NMDC Ltd.
Tel: 040-2353 8713.
Fax: 040-2353 8711.
E-mail: hois@nmdc.co.in
Website: www.nmdc.co.in

NMDC, is set to sign a MoU with Severstal for a plant in Karnataka. The deal, entailing an initial investment of $1 bn from Severstal, would be the biggest Russian investment in the non-defence sector and also the first Russian investment in the steel sector. The plant size is of 2 mn tonne, but is likely to be scaled up to 5 mn tonne. The plant, for which NMDC already has an MoU with the state government, would produce auto grade and electrical steel.Contact: NMDC Ltd. Tel: 040-2353 8713. Fax: 040-2353 8711. E-mail: hois@nmdc.co.in Website: www.nmdc.co.in

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