Odisha

NMDC To Assist NINL In Mining Operations In Odisha

By
OB Bureau

Hyderabad: The National Mineral Development Corporation (NMDC) has decided to provide technical and financial assistance to Neelachal Ispat Nigam Limited (NINL) for resumption of their mining operations in Odisha.

Under the aegis of the Ministry of Steel, Ministry of Commerce and DIPAM, the NINL had approached the NMDC, the largest iron ore producer of India, for support. To boost the mining of high grade iron ore in the state, NMDC signed an MoU with NINL to provide assistance.

The NINL started the operation of iron ore mines in Mithirda mine block on Friday. The inaugural function was attended by Sumit Deb, CMD NMDC; PK Satpathy, Director (Production) NMDC; RK Jha, MD NINL and senior officials of NMDC and NINL.

Speaking on the occasion, Deb said, “Iron ore mining by NINL will not only ease ore scarcity in the state but also go a long way in eliminating the financial constraints faced by the company. NMDC extends full support to the NINL team in the new endeavour.”

The NINL, a joint venture company of MMTC, IPICOL, OMC, NMDC and others, has set up a 1.1-MTPA integrated steel plant at Dubri in Jajpur district. The company acquired the mining lease for captive production of iron ore in January 2017. It has received permission for merchant sale of iron ore of one million tonne per year for two years to augment the iron ore production in the state and meet the expenses of the company.

OB Bureau

Recent Posts

India To Push Canada For Extradition Of Arrested Khalistani Terrorist Arsh Dalla

New Delhi: India will again ask Canada for the extradition of designated Khalistani terrorist Arshdeep Singh…

November 14, 2024

School Dropout From West Bengal Arrested For Practising As Ayurvedic Doctor In Odisha’s Berhampur

Berhampur: Police have arrested a man from West Bengal for allegedly claiming himself to be…

November 14, 2024

Manoj Bajpayee Recalls Staying In ‘Hell’, Experiencing Starvation

Mumbai: Carving a niche for himself in Bollywood was not a cakewalk for ‘The Family…

November 14, 2024

After Disapproving Of Ranveer, Mukesh Khanna Rejects Tiger Shroff For ‘Shakitmaan’

Mumbai: Mukesh Khanna’s Indian superhero series ‘Shaktimaan’ has been making headlines for quite some time…

November 14, 2024

2nd Tigress Arrives In Odisha’s Similipal Tiger Reserve From Maharashtra

Bhubaneswar: As part of Odisha government's tiger relocation project, second tigress from Maharashtra arrived at…

November 14, 2024

Severe Pollution: Central Panel Forced To Invoke GRAP 3 In Delhi From Tomorrow

New Delhi: Hours after Delhi’s Environment Minister Gopal Rai said that the third phase of…

November 14, 2024

After 7 Years, Allu Arjun Reveals The Story Behind His Viral Wine Shop Video

Mumbai: ‘Pushpa’ actor Allu Arjun is currently busy promoting his highly-anticipated film ‘Pushpa: The Rule’,…

November 14, 2024

Odisha CM Mohan Majhi To Inaugurate Bali Jatra In Cuttack Tomorrow

Cuttack: The Mahanadi river banks in Odisha's Cuttack city are all decked up for inauguration…

November 14, 2024