NMDC ltd will soon start work after the tendering process to set up an Ore Sampling laboratory at the Hilltop of Kirandul Iron Ore Mine in Bastar Region of Chhattisgarh, officials informed.
Notably, NMDC also proposes for mining the Deposit number 4 iron ore mine with a production capacity of 7.0 MTPA in the mine lease area of 646.596 hectares.
Notably, NMDC's iron ore requirement for the steel plant would be 5 MTPA. The exploration work was also done at Bailadila Deposit No. 4 by NMDC in the year back in 1972-74. The ore reserves were proved by detailed exploration activities.
The Deposit 4 has a production capacity of 7.0 MTPA and spread in a mining lease area of 646.596 hectares. In addition to the mining lease area, 95.13 hectares forest land is identified for development of infrastructure such as downhill conveyor, screening plant, loading plant and approach road etc.
Further, 50 hectares of non-forest land is also required for installation of railway stock yard, administrative building, loading plant (part), tailing dam, STP and township etc.
The existing iron ore production from other Bailadila mines is catering to requirements of large steel plants and also to local sponge iron / pellet plants in Chhattisgarh.
Mining plan along with progressive mine closure plan has been approved by Indian Bureau of Mines (IBM), for production capacity of 7.0 MTPA vide their letter no: No 314(3)/2012-MCCM (CZ)/MP-19 dated July 26, 2013, officials informed.
NMDC is operating iron ore mines at Bailadila Complex in South Bastar Dantewada District Chhattisgarh and is having long terms commitment for supply of iron ore to major steel plants across the country.
Hence, J.V. Company between NMDC and Chhattisgarh Mineral Development Corporation (CMDC) i.e NMDC-CMDC (NCl) was formed for development of a new deposit in the already prospected areas i.e Bailadila Deposit-4 with a production capacity of 7 MTPA for meeting the iron ore requirement of Steel plant of NMDC at Nagarnar, near Jagdalpur.
NMDC ltd’s turnover upto nine months for the year 2017-18 has been recorded at `7732 crore, a company press release had informed. The company recorded Profit Before Tax (PBT) of `4187 crore and Profit After Tax (PAT) of `2700 crore representing an increase of 30% in turnover, 37% in PBT and 30% in PAT respectively over the corresponding period last year (CPlY).
The company’s production of iron ore for nine months for the year 2017-18 is 24.23 Million Tonnes (MT) registering an increase of 3% over CPlY while sales of iron ore was 25.54 MT which is marginal decrease of 1% over CPlY. NMDC has posted a turnover of Rs.2469 crore, representing a marginal decrease of 1% over CPlY.
The company has recorded PBT of `1377 Cr and PAT of `887 crore in the 3rd quarter of 2017-18 which is up by around 50% & 49% respectively over CPlY.The company’s production of iron ore during the 3rd quarter is 8.56 MT registering a decrease of 12% over the corresponding CPlY while sales of iron ore was 8.06 MT which is about 20% less than that of the CPlY.