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State-run NMDC will ramp up iron ore production in Bellary in about a month’s time, said Steel Secretary, Mr P.K.Misra on Friday.
NMDC is the only company to be allowed by the Supreme Court to operate two mines in Bellary after a mining ban was imposed in the district on environmental grounds. The apex court has directed NMDC to produce a million tonne of iron ore to meet the requirement of local steel makers.
The company is gearing up by moving machinery and manpower to increase its output from Bellary region. “In about a month or so they will be able to ramp up,” Mr Misra said. “We are also supplying ore from Chhattisgarh. Some companies are getting their supplies from Goa. Though there will be some disruption, I think there will be stability in supplies in about a month,” Mr Misra said.
SAIL FPO
Replying to a query on the propose follow on offer by SAIL, Mr Misra said the launch of issue has to be at an appropriate time when the stock markets are in good condition. “We still intend to go ahead with the FPO this fiscal,” Mr Misra said.
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