NMDC has decided to prioritise its operational capabilities and strategies for better performance. What exactly are the strategies that are in your mind?
We are committed to retain our position as the leading iron ore miner in the country. We have set a target to increase the production capacity from 36 million tons a year in FY21 to 67 million tons a year by FY25 through expansion of the existing mines and acquisition of new green/brownfield projects.
Odisha and Jharkhand are the target states for acquisition of new projects considering that the two states lie in the vicinity of a zone that contributes to more than 40 percent of the total crude steel capacity of the country. NMDC envisages to increase production from existing mines through technology, process improvement and infrastructure development.
We are already in the process of infrastructure development to achieve the target such as construction of additional screening and crucial plants to increase the processing capacity, installation of Rapid Wagon Loading System to increase loading capacity and construction of slurry pipeline and doubling of rail line between its project location to nearest port to increase the evacuation capacity.
NMDC has already commenced its journey in technology & process improvement and implemented solutions across exploration and resource estimation, mining operations and administration.
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Denne historien er fra April 2021-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.