NINL mines get Forest Stage-I clearance

Image
Press Trust of India Bhubaneswar
Last Updated : Sep 30 2017 | 3:42 PM IST
Odisha-based Neelachal Ispat Nigam Limited (NINL) has got the Stage-I Forest clearance for its captive mines from the Forest Advisory Committee of the Ministry of Environment & Forest (MoEF), official sources said.
NINL's captive iron ore mines are situated at Koira in the districts of Sundergarh and Keonjhar, Odisha. Earlier, the mining lease of NINL was executed on January 11, 2017 after obtaining necessary approval from the state government.
The mines lease of NINL, with 102 million tonnes reserves, is spread across 874 hectares at Sundergarh and Keonjhar districts.
In November, 2016, MoEF had granted the environment clearance with proposed production capacity of 2 million tonnes per annum, they said.
Subsequently, NINL will comply with the stipulations to obtain final (Forest Stage-II) clearance following which the Kalinga Nagar-based company would commence mining operations with capacity of two million tonnes per annum.
The availability of iron ore for its own steel plant would certainly enhance the financial position of NINL and ensure further expansion of the 1.1 MT plant, promoted by MMTC Limited, IPICOL, OMC and other government agencies.
NINL has set up an 1.1 million tonne Integrated Iron and Steel plant at Kalinganagar, Duburi, in Jajpur district. At present, NINL produces Steel Billets, Pig Iron and LAM Coke along with Nut Coke, Coke Breeze, Crude Tar, Ammonium Sulphate and Granulated Slag.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 30 2017 | 3:42 PM IST

Next Story