NMDC awards PMC job for Chhattisgarh plant to Mecon

NEW DELHI: Iron ore miner NMDC today said it has awarded the project and construction management contract for its Rs 15,525-crore Chhattisgarh steel plant to state-run consultancy firm Mecon.

"The contract agreement for rendering project and construction management (PMC) services for the upcoming three mtpa integrated steel plant of NMDC has been signed between NMDC and Mecon," NMDC said in a statement.

NMDC Chairman N K Nanda and Mecon's commercial director A K Tyagi signed the contract in Hyderabad.

Though NMDC did not divulge the amount of the contract, sources close to the development pegged it around Rs 240 crore.

"The implementation schedule of the plant is 48 months," NMDC said.

NMDC is developing a three mtpa steel plant at Nagarnar in Chhattisgarh with an investment of Rs 15,525 crore. The company would fund the project from its internal resources, the company said.

An NMDC official had earlier said that the plant would use the blast furnace (BF) and basic oxygen furnace (BoF) route for iron and steel making making.