Nagarnar Steel Plant

Nagarnar Steel Plant
NMDC Steel [1]
Company typePublic
NSE: NSLNISP
BSE: 543768
ISININE0NNS01018
IndustrySteel
PredecessorNMDC
Founded2021[2]
ProductsIS 5986 HR Plates & sheets
IS 1079 HR Coils General Engineering steels
IS 6240 - 5L quality plates and coils
IS 3196 LPG Cylinders
High Carbon Steel
Silicon steel
Websitenmdcsteel.nmdc.co.in
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NMDC Steel Limited was formed under Government of India under Ministry of Steel with the help of NMDC's resources for setting up a 3 MTPA capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of Rs. 25500 crore.[3] A pure-play miner, NMDC had in 2009-10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio. The idea was also to hedge itself against the vagaries of iron ore prices.[4] This is the only new large-scale steel plant currently fully ready to start production India, with little likelihood of a new plant of similar size plant coming up in the next few years. Tata Steel and JSW Steel are expanding capacity at their existing mills.[5]

NMDC Steel Limited (NSL) was listed at the Bombay Stock Exchange on 20th Feb 2023. NMDC Steel Limited (NSL) is NMDC’s 3 MTPA integrated steel plant at Nagarnar in Chhattisgarh.The now demerged company NMDC Steel Limited is a central public sector enterprise with a paid-up capital of Rs. 2,930 crores owned by the Government of India, under the administrative control of the Ministry of Steel. The Government owns 60.79% stake in this company.[6][7]

  1. ^ Nahar, Pawan (27 October 2022). "NMDC to separately list steel biz; last day to buy stock to qualify for demerged shares". The Economic Times.
  2. ^ "Chhattisgarh ready to buy Nagarnar steel plant in Bastar, if disinvested". www.hindustantimes.com. Hindustan Times. 29 December 2020. Retrieved 18 March 2021.
  3. ^ "Projects Info - Setting up of new steel plants". www.projectsinfo.in. Archived from the original on 12 September 2012. Retrieved 2 February 2022.
  4. ^ "NMDC aims September start for Nagarnar steel mill". FE. 28 March 2017.
  5. ^ "NMDC aims September start for Nagarnar steel mill". ArgusMedia. 22 March 2018.
  6. ^ "NMDC Steel shares list on BSE, NSE today after demerger. Details inside". 20 February 2023.
  7. ^ "NMDC Steel Limited shares debut on stock exchanges at Rs 30.25 apiece". 20 February 2023.