Team News Riveting
Raipur, August 29
National Mineral Development Corporation (NMDC) Limited today informed its stakeholders about the sketch for scaling up the production in the company.
The company has planned to enhance the capacity at Bacheli in Chhattisgarh and Kumaraswamy mines in Karnataka. The expansion work in both the projects is likely to be completed in the current financial year 2022-23 (FY23) that would facilitate the company to meet the target set for the fiscal.
“The company has set a target to produce 46 million tonnes (MT) of iron ore in FY23. This volume is 10 per cent higher than what we have produced in FY22 and will provide cushion against any possible pressure for pricing,” NMDC Chairman-cum-Managing Director (CMD) Sumit Deb said while addressing the stakeholders at the 64th Annual General Meeting (AGM) held today. Delays in the development of the fifth line of screening and a downhill conveyor that would significantly augment Bacheli’s production have been tackled by appointing a new consultant, he said.
The CMD said the project work had assumed at the fast level and would be completed by FY23 adding 2.5 MT to the company’s production.
The company is also in parley with the Government of Odisha for allocation of iron ore mines, specially to allot those including Malangtoli where it had completed the prospecting.
Deb informed about the measures taken to confront the challenges posed by the furious monsoon that badly hampers the output. “We have implemented various programmes to increase efficiency during monsoon season,” the NMDC CMD said, adding most of the benefits will accrue from next year onwards.
D K Mohanty, NMDC’s Director (Production), informed about the Kumaraswamy mine in Karnataka and said the public hearing has been successfully completed for augmenting the production from 7 MT to 10 MT. “Mining approval has been received and the expansion work is likely to be completed in the next 5 to 6 months,” Mohanty added.
