A consortium led by Siemens VAI Metals Technologies has received an order from state-run National Minerals Development Corporation (NMDC) for commissioning state-of-the-art, three million tonnes steel plant in Nagarnar in Chhattisgarh at an estimated amount of 290 million euros.
The project is scheduled for completion by mid-2015, Siemens said. NMDC had already ordered a sintering plant from Siemens for the project.
The integrated steelmaking plant of NMDC in Nagarnar is part of a national program to increase the steel production capacity in India. Siemens will be in charge of the design and the “turnkey” supply of the steel plant.
At present, India produces 89 million tonnes. According to industry estimates, growth in apparent steel use is expected to grow by 6.9 per cent in 2012 and by 9.4 per cent in 2013. India has a planned capacity addition of about 275.7 30 MT by 2020.
The project will be executed in collaboration with the Indian Siemens VAI Metals Technologies Pvt. Ltd. and the consortium members - SEW Infrastructure Ltd. and Mukand Engineers Ltd., who will be responsible for the civil works, the manufacturing and the erection of the steel structures, as well as for general erection of equipment.
Siemens will supply the complete the process automation, the installation of state-of-the-art automation and process technology.
NMDC is India’s largest manufacturer and exporter of iron ore.
The state-owned company mines approximately 30 million tonnes of ore each year at locations throughout the country.