NMDC plans to invest in green energy capacities

12 Jul 2022 CW Team

NMDC has plans to invest in the renewable energy sector, according to its chairman and managing director Sumit Deb. The company is exploring locations in Telangana to set up solar capacities.

Located at Paloncha in Telangana, NMDC's sponge iron unit has a capacity 100-tonnes-per-day. As of now, there is no plan to re-start the plant, Deb said in a reply to another question related to the unit.

Under the Ministry of Steel, NMDC is the country's largest mining company. It had planned to make a foray into the steel sector by setting up a 3 million tonnes per annum Nagarnar Steel Plant (NSP) in Chhattisgarh, at an estimated investment of Rs 23,140 crore.

Also read:
Tata Steel, ArcelorMittal-Nippon Steel may not bid for NMDC facility
NMDC’s iron ore production hits record 40 mt in FY22

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..