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NMDC to invest Rs 18K cr to hike capacity, new exploration.

PTI - The Press Trust of India Ltd.

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NMDC to invest Rs 18K cr to hike capacity, new exploration

New Delhi, Nov 30 (PTI) State-run mineral giant NMDC Ltd will invest about Rs 18,000 crore to ramp up its production capacity to 50 million tons (MT) and conduct fresh explorations within the next five years.

"We would invest about Rs 18,000 crore in the next five years to ramp our production capacity to 50 million tons of iron ore, besides conducting fresh explorations. We are keen to expand our operations in a big way to meet the growing requirements of the domestic steel producers," NMDC Chairman and Manging Director Rana Som told PTI here today.

Som said the organisation would produce…

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