Business Standard

NMDC terminates contract with BHEL for delay in Rs 1,395 cr project

The Nagarnar steel plan was conceived by the NMDC in 2009-10 and the contract to build raw material handling system was awarded to BHEL on August 1, 2011

NMDC
Premium

Even after the huge delay, the project is far from completion

R Krishna Das Raipur
The National Mineral Development Corporation (NMDC) has invoked termination clause against Bharat Heavy Electricals Limited (BHEL) for failing to complete a contract awarded for its Nagarnar steel project in Chhattisgarh’s Bastar district.

The state-run miner is setting up a 3 million tonne per annum (mtpa) greenfield integrated steel plant in Nagarnar -- about 16 kms from Bastar’s divisional headquarters at Jagdalpur. The project is part of NMDC’s diversification, value addition and forward integration programme.

The company plans to feed raw material to the plant from its iron-ore complexes located in Bastar division. NMDC manages two fully mechanised mines with a
Topics : Bhel NMDC

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 27 2019 | 4:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com