Neelanchal Ispat can sell captive mine ore
COAL & MINING

Neelanchal Ispat can sell captive mine ore

In a first, disinvestment-bound Neelanchal Ispat Nigam Ltd (NINL) which has a 1.1 million tonne integrated iron and steel plant at Kalinganagar in Odisha is set to operationalise its captive iron ore mines and sell the produce in open market. The development comes after the company received a nod from the central government.

In a meeting held in November 2020, it had been decided that the Ministry of Commerce and Industry will coordinate with the Ministry of Steel and Mines to secure permission for NINL for commercial operation of its captive mines till the disinvestment process gets wrapped up.

The Ministry of Mines noted a major downfall in iron ore production due to Covid-19 and granted NINL permission to sell up to 25% of the annual iron ore production for a period of one year or until the disinvestment of the company, whichever is earlier, as per an official order.

Image Source: NINL

In a first, disinvestment-bound Neelanchal Ispat Nigam Ltd (NINL) which has a 1.1 million tonne integrated iron and steel plant at Kalinganagar in Odisha is set to operationalise its captive iron ore mines and sell the produce in open market. The development comes after the company received a nod from the central government. In a meeting held in November 2020, it had been decided that the Ministry of Commerce and Industry will coordinate with the Ministry of Steel and Mines to secure permission for NINL for commercial operation of its captive mines till the disinvestment process gets wrapped up. The Ministry of Mines noted a major downfall in iron ore production due to Covid-19 and granted NINL permission to sell up to 25% of the annual iron ore production for a period of one year or until the disinvestment of the company, whichever is earlier, as per an official order. Image Source: NINL

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code