NMDC to help NINL excavate iron ore in Odisha

28 Aug 2021 CW Team

National Mineral Development Corporation (NMDC) is providing technical and financial help to Neelachal Ispat Nigam Limited (NINL) to restart mining activities in Odisha.

Mines at the Mithirda block of NINL's iron ore mine started operations today in the presence of NMDC's Sumit Deb, as well as NINL's RK Jha, as MD.

According to the Ministry of Steel, Ministry of Commerce, and DIPAM, NINL sought assistance from National Mineral Development Corporation (NMDC).

To support NINL, NMDC signed a Memorandum of Understanding (MoU) with NINL.

An integrated steel plant capable of producing 1.1 million tonnes of steel per year has been built by NINL, a Joint Venture (JV) between MMTC, IPICOL, OMC, and others in Odisha.

To produce iron ore in-house, the business purchased a mining lease for the purpose in January 2017. NINL was granted authorization to sell iron ore at a rate of one million tonnes (mt) per year for two years to increase iron ore production in the state and pay for business expenditures.

Sumit Deb told the media that mined iron ore will not only relieve the mineral shortage in the State but will also go a long way to alleviating NINL's financial problems. NMDC gives its full support to the NINL in their new endeavour.

National Mineral Development Corporation, produces minerals for the government. As a government-owned company, it falls under India's Ministry of Steel's administrative supervision.

It is India's largest iron ore producer and exporter, with three automated mines in Chhattisgarh and Karnataka generating more than 35 million tonnes (mt) of iron ore. Panna, in Madhya Pradesh, is home to the country's only automated diamond mine.

Image Source

Also read: Odisha govt invites tender for 11 more mining blocks

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..