365telugu.com online news,Hyderabad, August 27, 2021: NMDC, the largest iron ore producer of India, has stepped in to provide technical and financial assistance to Neelachal Ispat Nigam Limited (NINL) for
resumption of their mining operations in Odisha. The operations of NINL iron ore mines at
Mithirda mine block have resumed today. The inaugural function was attended by Shri Sumit
Deb, CMD NMDC; Shri P.K. Satpathy, Director (Production) NMDC; Shri R.K. Jha, MD NINL and
senior officials of NMDC and NINL.
Under the aegis of the Ministry of Steel, Ministry of Commerce and DIPAM, NINL approached
NMDC for support. To provide impetus to the supply of high grade iron ore in the state of Odisha, NMDC signed a MoU to extend assistance to NINL.
NINL, a Joint Venture Company of MMTC, IPICOL, OMC, NMDC and others set up a 1.1 MTPA
Integrated Steel Plant at Dubri, Jajpur in Odisha. The company acquired the mining lease for
captive production of iron ore in January 2017. NINL received permission for merchant sale of
iron ore for one million ton per year for two years to augment the iron ore production in the
state and meet the expenses of the company.
Commenting on the developments, CMD NMDC Shri Sumit Deb said, “Iron ore mining by NINL
will not only ease ore scarcity in the state but will go a long way in eliminating the financial
constraints faced by NINL. NMDC extends full support to the NINL team in their new
endeavour.”