NMDC is planning to set up a 500-MW power plant at Gonda, Uttar Pradesh. With this, the company will make its maiden venture into thermal power generation. In this regard, the company will invest around Rs 3,016 crore on the project. The power plant will comprise two units of 250 MW and about 300-350 MW electricity will be used at NMDC’s upcoming 3 million tonnes steel mill in Chhattisgarh's Nagarnar, which is more than 1,100 km away from Gonda.
Meanwhile, the company has roped in IL&FS Energy Development Company (IEDCL) as a partner for the project with a 74% stake and the remaining 26% stake, will be held by NMDC Power, a wholly owned subsidiary of NMDC.
NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.
Meanwhile, the company has roped in IL&FS Energy Development Company (IEDCL) as a partner for the project with a 74% stake and the remaining 26% stake, will be held by NMDC Power, a wholly owned subsidiary of NMDC.
NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.
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