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Rana Som News
Tata, NMDC steel plant hits a dead end Tata Steel and NMDC, in 2010, signed a memorandum of understanding (MoU) to examine setting up of joint alliances in mines and steel plants. However, two years later, and after several round of talks to set up a steel plant, the two have decided otherwise. Koushik Chatterjee, chief financial officer, Tata Steel, confirmed to Business Standard, the two companies would not be building a steel plant together
NMDC-Severstal steel plant likely to be commissioned by 2017
The 3-million tonne plant entails an investment of $4 billion.
NMDC-Severstal steel plant likely by 2017
The proposed steel plant to be set up jointly by state owned National Mineral Development Corporation (NMDC) and Russian behemoth Severstal in Karnataka may be commissioned by 2017.
NMDC, Russia's Severstal sign execution protocol for Karnataka JV
State-owned miner NMDC Limited and Russian steel and mining giant OAO Severstal have signed the implementation protocol in Moscow, a step further on the memorandum of understanding (MoU) they had
NMDC to buy five more mines abroad
State-owned NMDC, which had recently struck a deal to acquire 50 per cent in Australia’s Legacy Iron Ore for about Rs 90 crore, is in the process of acquiring five more mines abroad.
Mining companies to take a hit of Rs 15,000 cr
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