The Bailadila Iron Ore Deposit-13 lease in Kirandul village in Chhattisgarh’s South Bastar Dantewada district has been registered in favour of NMDC-Chhattisgarh Mineral Development Corporation Ltd (NCL), a 51:49 joint venture between NMDC and CMDC Ltd.
This follows a Chhattisgarh government order transferring the mine lease to NMDC. The venture expects to begin works on the mine in 2018-19 and serve the sponge iron industries in the State as well as other domestic steelmakers.
The transfer of lease from NMDC to NCL was warranted under the joint venture terms.