NMDC plans to invest in green energy capacities

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 facilityNMDC’s iron ore production hits record 40 mt in FY22