City
Epaper

NMDC Steel clears major production milestone in 1st year of operations

By IANS | Updated: August 21, 2024 19:45 IST

New Delhi, Aug 21 Government-owned NMDC Steel Limited (NSL) announced on Wednesday that its state-of-the-art plant has successfully ...

Open in App

New Delhi, Aug 21 Government-owned NMDC Steel Limited (NSL) announced on Wednesday that its state-of-the-art plant has successfully produced 1 million tonnes of Hot Rolled Coil, reaching this milestone four days ahead of the first anniversary of starting operations.

NMDC Steel Ltd, an entity demerged and formed from state-owned mining firm NMDC, operates the ultra-modern 3 million tonnes per annum steel plant in Chhattisgarh's Nagarnar, set up with an investment of Rs 22,900 crore, it is referred to as India's youngest steel unit.

The plant houses one of the widest Hot Strip Mills in the country, capable of rolling HR coils of 900 mm to 1,650 mm width in 1 mm to 16 mm thickness.

This achievement underscores NSL's position as one of the fastest and most efficient plants in the industry, characterised by its cutting-edge technology, the company said.

On July 21, 2024, the company achieved the production of 1.5 million tonnes of Hot Metal from its Blast Furnace, and on August 11, 2024, it produced 1 million tonnes of Liquid Steel from the Steel Making Shop (SMS). Both milestones were reached in less than a year from the commencement of production, setting new benchmarks for performance, it added.

Amitava Mukherjee, CMD (additional charge), NMDC & NSL, commenting on this achievement said: "Achieving 1 million tonnes of Hot Rolled Coil (HRC) ahead of schedule is a testament to the dedication, expertise, and hard work of our entire team. This achievement not only set a new standard within the public sector, but also stands strong against industry benchmarks. We remain focused on sustaining this momentum and continuing to lead with quality and efficiency."

"These achievements highlight NSL's commitment to operational excellence and innovation. The company continues to push the boundaries by aspiring to be a leader in the steel manufacturing sector with a sole focus on efficiency, sustainability, and technological advancement," the official statement added.

NMDC Steel Limited is a public sector enterprise that operate under the administrative control of the Ministry of Steel.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

International"First positive signal that a thaw has indeed happened": Former diplomat Vikas Swarup on India-Canada naming envoys

InternationalIndia, Japan working together to bolster critical minerals supply chains

International"Relationship with China improving since October 2024": Ex-diplomat Vikas Swarup

InternationalIndia, Japan condemn Pahalgam terror attack; call for concerted action against Lashkar-e-Tayyiba, Jaish-e-Mohammad

International"US officials trying to put all kinds of pressure but we will not be dictated by anyone": Former Diplomat Vikas Swarup

Business Realted Stories

Business‘Opportunity to mitigate US tariffs impact’, say businessmen ahead of PM Modi-Jinping meet

BusinessPiyush Goyal meets UAE counterpart; discusses bilateral trade, other key issues

BusinessTrump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc

Business7.8% GDP growth in Q1 FY26 reflects strengthening momentum in economy

BusinessIndia’s GDP growing at a robust pace despite global uncertainties: Economist