+
 NMDC to help NINL excavate iron ore in Odisha
COAL & MINING

NMDC to help NINL excavate iron ore in Odisha

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

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

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?