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Phalguna Jandhyala

Dantewada (Chhattisgarh), Jan. 17 The Steel Ministry has urged the Chhattisgarh Government to expedite the allocation of Deposit-IV of Bailadila mines to enable state-run NMDC, Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) build a 4-million tonne (mt) plant in the State.

“During my meeting with the Chhattisgarh Chief Minister on Monday I asked him to expedite the allocation of Deposit-IV of Bailadila mines to enable NMDC, SAIL and RINL build a 4-mt steel plant with an investment of Rs 16,000 crore,” the Union Minister for Chemicals, Fertilisers and Steel, Mr Ram Vilas Paswan, said here.

The Deposit-IV of the Bailadila mines contains an estimated 100 mt of rich iron ore. Mr Paswan also said that the Steel Ministry has given an assurance to the State Government that the entire ore would be used only for captive use of the proposed plant and none of the ore would be exported.

He pointed out that the company is executing major expansion plans worth Rs 18,000 crore and is all set to increase its production capacity to 35 mt against 30 mt last year.

He also pointed out that the Steel Ministry was envisaging an investment of about Rs 3 lakh crore in the three years and about Rs 8.5 lakh crore by 2020. Earlier, Mr Paswan laid the foundation stone for Bailadila-XI B iron ore deposit which has an estimated reserve of 114.69 mt with a mining capacity of 7 mt per annum.

“The deposit would be developed at an expenditure of about Rs 468 crore and is expected to be commissioned by September 2009,” he said.

The NMDC’s Chairman and Managing Director, Mr Rana Som, exuded confidence that his company would be able to meet the target of 35 mt of production by upscaling operations in existing mines, besides commencing mining in the revenue land in newly allocated Kumaraswamy mines in Karnataka.

He said the merger of Sponge Iron India Ltd with NMDC would be completed by this October.

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