NMDC to hire consultant for K'taka plant

“NMDC is in talks with a few consultants and would finalise one by the month-end. The consultant would scout and finalise a site in Karnataka for the steel project,” a senior NMDC official told PTI here on Wednesday.

As per the MoU signed with Karnataka early last year, NMDC would set up 5mtpa steel plant. The firm intends to set up the project through a joint venture and would start looking for a partner, domestic or global firm, the source said.

“NMDC will initially set up a 2mtpa plant in Karnataka in a joint venture and ultimately scale up the capacity to 5mtpa,” the source added.