Sunday, 19 Jun 2011
Indian iron ore miner NMDC Ltd has finalised INR 3,000 crore slurry pipeline project for evacuating ore from its Bailadila mines in Chhattisgarh to Visakhapatnam in Andhra Pradesh.
Mr Rana Som CMD of NMDC said that “I have just finalised the complete structure of laying the pipeline for evacuation of material from our Bailadila mines to Jagdalpur in the first stage and to Vizag in the second stage.”
He added that “We held a meeting on the technical and financial aspects, where we have taken a decision to kick off the project.”
He said the company decided to set up the pipeline, connecting Bailadila with Vizag steel plant, because evacuation of iron ore from the mines was posing a problem on account of damage to Essar’s slurry pipeline and constraints in rail movement due to the Naxal movement.
In the first phase, the company would lay a 150 kilometre pipeline from Bailadila to Jagdalpur in 18 months at an investment of INR 1,000 crore. The second phase would see laying of pipeline from Jagdalpur to Visakhapatnam at an investment of INR 2,000 crore.
Mr Som said that “We won’t wait for completion of Phase-I. We might as well execute Phase-II simultaneously.”
The execution of the project, according to Mr Som will enable NMDC to dispatch an additional 6 million tonnes to 7 million tonnes of ore.
He said that “To that extent, the production will also go up emphasizing that production and evacuation of ore were interlinked.” (sourced BS)
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