Iron ore pellet manufacturing in process at Brahmani River Pellets Ltd. in Jajpur, Odisha (Source: BRPL Website)

NMDC Eyes Mining Capacity Expansion Next Year As Sales Gather Momentum

NMDC Ltd. is hopeful of commissioning its ambitious Nagarnar steel plant in Chhattisgarh in the first half of 2018, and is eyeing mine acquisitions in Odisha and Karnataka to aid its expansion plans.

The company sees robust demand over the next two years, as domestic sales continue to increase, aided by a conducive price environment globally, TRK Rao, commercial director at NMDC, told BloombergQuint in an interaction.

Watch the full conversation here:

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