NMDC plans global EoIs for Bellary steel plant

The Financial Express

Posted: Tuesday, Oct 06, 2009 at 2257 hrs IST

Hyderabad: In accordance with its plan to set up an integrated

steel plant in Bellary with a capacity of over 5 million tonne per
annum at a cost of over Rs 9,280 crore, National Mineral
Development Corporation (NMDC) will soon be seeking global
expression of interest (EoIs) from those companies which are
willing to partner it for offering technology and other domain
expertise.

Rana Som, chairman and managing director NMDC, said many

global companies have already expressed interest in the
proposed plant. The plant is expected to come up at SEZ to be
set up in Bellary, Hospet and Sandur taluk by the Vijayanagar
Development Authority. NMDC has sought about 2,500 acre and
16.88 million gallon of water a day from the Almatti dam .

‘‘Though there have been some informal discussions with

domestic and international companies, a formal structure will
soon be set in place.

We will soon float a global EoI to rope in partners having domain

expertise,’’ Som said. The criteria for the partners include a
sound financial health; expertise in newer technologies or new
technologies.