Motilal Oswal
    NIFTY 50
Motilal Oswal
October 11, 2018 09:02 AM | Business

Nagarnar plant will produce steel from June 2019, NMDC says

NMDC is expected to commission its steel plant in Nagarnar by the end of this fiscal year, N Baijendra Kumar, chairman and managing director, NMDC said.

“We are in the completion stages of Nagarnar steel plant and will be able to start our blast furnace in another three-four months of this financial year. All the linkages have been worked out,” he said, adding, steel production is likely to begin from June of next year.

On NMDC's disinvestment plan, Kumar said, "The government has put it on hold for the time being."
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV