L&T, Siemens, SMS Siemag vie for NMDC's steel plant contract

More than two dozen corporates, including Larsen and Toubro, Siemens VAI, SMS Siemag and Paul Wurth, have evinced interest for nine turn-key contracts of state-run NMDC for the PSU's Rs 14,000 crore steel plant in Chhattisgarh.      

The company plans to award the contracts for installation of blast furnace, slab caster, hot strip mill, coke oven, sinter plant, bi-product mill and continuous casting mill, among others, NMDC sources said.      

The interested engineering companies would be giving presentations before Mecon, the project consultant of NMDC's proposed 3 million tonnes per annum steel plant at Nagarnar in Chhattisgarh, on May 18, the sources added.      

NMDC Chairman and Managing Director Rana Som confirmed that corporates have shown interest in taking up the turn-key contracts and said the short-listing process would be done soon to ensure the plant's construction starts in time.      

"We are determined to build the steel plant at fastest time possible by using the best technology and engaging best of skills," he told PTI.      

Navratna PSU NMDC plans to commence production from the plant in a span of over three years after the construction work starts.