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NMDC restarts operations at its Sponge Iron Unit at Paloncha

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Capital Market
Sponge Iron Unit (SIU), Paloncha of NMDC has re-commenced its operations with lighting up of plant after a long gap of shut down due to administrative reasons. The existing capacity of the plant is to produce 100 T/Day of sponge iron of good quality. At present, the plant is started with 50% of its rated capacity due to long shut down of the plant. However, the plant will be operated at 80% capacity of the above to achieve break even of the expenditure and costs involved.

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First Published: Jan 23 2019 | 4:17 PM IST

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