Steel, mineral majors to invest in MP in coming years

Public sector majors in the field of steel, aluminium and minerals are expected to undertake huge investments in Madhya Pradesh in the coming years on the initiative of state Chief Minister Shivraj Singh Chouhan and Union Minister for Steel, Mines, Labour and Employment, Narendra Singh Tomar.
On the initiative of Chief Minister, major central sector companies including Steel Authority of India (SAIL), National Mineral Development Corporation, Hindustan Copper Limited, NALCO and MOIL Limited will invest crores of rupees in Madhya Pradesh, an official release said today.
Union Minister for Steel, Mines and Employment and the Chief Minister discussed investment opportunities and other issues pertaining to Madhya Pradesh yesterday and took number of important decisions, it said.

On the proposal of SAIL, the Chief Minister has given consent for establishing a steel plant with an investment of Rs 12,000 crore on 1500 acres land in Chhattarpur district.
The National Mineral Development Corporation (NMDC) has made a proposal for mining in Panna in view of availability of 10 million carat diamond deposit there.
The release also stated that scientific proofs were found that there is presence of diamonds in Tikamgarh region as well and it will cause no harm to tiger reserve there.

Hindustan Copper Limited sought permission for mining of 5 MT copper in the area adjoining Malajkhand in Balaghat district.

In this regard, Chauhan said value addition is necessary in mining for increasing employment opportunities in the area. He also said that warehousing facility will be provided to Hindustan Copper.
Besides, Manganese Ore India Ltd sought to invest Rs 200 crore in solar energy sector. National Aluminium Company, on its part, has proposed to set up a production unit of wind and solar energy under PPP mode in the state.