NMDC acquires land in 10 months

Aug 12, 2010 |

Correspondent

NMDC ON Wednesday said it has acquired land for its Rs 14,000 crore upcoming steel plant in the tribal-dominated region of Chhattisgarh in “record” 10 months. The country’s largest iron ore producer has recently completed the acquisition of 1,788 acres of land for its maiden steel venture at a gross investment of Rs 90 crore. The company, however, still awaits handing over of some 157 acres of land. “We have concluded the acquisition process in record 10 month. This was possible as the steel minister, Mr Virbhadra Singh, and Chhattisgarh Chief Minister Mr Raman Singh led from the front. We carried the community along with us,” NMDC chairman and managing director, Mr Rana Som, said.

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