State-owned miner NMDC will make investments ₹2,200 crore in FY25 on establishing a slurry pipeline and new processing vegetation.
The funding comes within the backdrop of the corporate’s eyeing 100 million tonne manufacturing by 2030. India’s largest iron ore producer, the corporate’s manufacturing stood at a document 45 million tonne final fiscal. “The formidable growth will considerably enhance NMDC’s infrastructure and operations…” it stated.
The corporate, underneath the Union Metal Ministry, can be getting ready to start manufacturing at its 8 million tonne coking coal block by FY26, a transfer geared toward lowering India’s dependency on coking coal imports. Additionally it is pursuing abroad mining alternatives for crucial minerals like lithium, cobalt, and nickel by way of its subsidiary, Legacy India Iron Ore, together with lithium mining operations in Australia, NMDC stated.
In a launch, on the allocation of ₹2,200 crore capital expenditure for FY25, the corporate stated a flagship challenge on this plan would be the 135-km slurry pipeline from Bacheli to Nagarnar. It would an eco-friendly, cost-effective pipeline and scale back reliance on conventional, carbon-intensive transportation strategies.
Moreover, the brand new Screening Plant III at Kirandul and screening plant III at Donimalai mines will improve the corporate’s processing capabilities, enabling the corporate to deal with elevated manufacturing volumes whereas sustaining top quality requirements.
“The transition from 45 MT to 100 MT by 2030 is formidable but rooted in sustainability and innovation. Our roadmap is not only about rising manufacturing; it’s about doing so responsibly. We’re devoted to lowering our environmental influence whereas positively contributing to the communities we serve,” CMD (further cost) Amitava Mukherjee stated. At 100 MT, its home iron ore market share will rise to 25% from the current 20%.
NMDC stated it is usually increasing rail transport by rising the KK (Kottavalasa-Kirandul) line’s capability from 28 MTPA to 40 MTPA, laying a 15 MTPA slurry pipeline, and setting up mixing yards. To maximise utilization of iron ore sources, it’s creating a 4 MTPA beneficiation plant in Bacheli and a 2 MTPA pellet plant at Nagarnar, with plans to develop the latter to six MTPA.
A spotlight can be on mixing low-grade ore with high-grade ore, thus effectively utilising tailings and slimes. A pilot-scale beneficiation testing facility at its R&D centre is creating processes for upgrading low-grade ore, incorporating finest practices from worldwide benchmarks.
The corporate stated there are plans to increase the Fleet Administration Programs all its mines in close to future. NMDC’s growth plans are pushed by rising home and worldwide demand for iron ore coupled with fast industrialisation. The corporate’s strategic funding plan focuses on boosting manufacturing capability and bettering evacuation infrastructure. Key initiatives embody the event of superior slurry pipelines, pellet and beneficiation vegetation, and a sturdy community of stockyards, it stated.
Revealed – September 12, 2024 08:05 pm IST
