VIJAYAWADA: The Andhra Pradesh Mineral Development Corporation (APMDC) has submitted the tender document for the Selection of a Joint Venture Partner for Planning, Engineering, Financing, Construction, Development, Operation-cum-Maintenance of an Integrated Iron Ore Project in the State to the AP Judicial Preview Commission.
It is pertinent to note that APMDC has been granted the mining lease for low-grade magnetite iron ore in an extent of 1,307.26 acres (529.04 hectares) in Tangutur of Prakasam district. APMDC intends to develop an integrated project, having both mining and beneficiation of the low-grade iron ore to produce high-grade concentrate. The annual revenue from the sale of iron ore is estimated at Rs 450 crore per year.
As per the orders issued by the State government, any project of investment worth Rs 100 crore and above should be sent to the AP Judicial Preview Commission. The tender document for the iron ore project will be available at the AP Judicial Preview Commission website till February 14 for public comments and suggestions. Prospective bidders and the general public can share their comments at jpp@ap.gov.in.