NMDC, NLC to Ink Pact With Aussie ECT for R&D Project

NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) has decided to invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making. Australian Securities Exchange, the NLC and NMDC will sign the Master Project Agreement (MPA) with ECT to establish world’s first Australian-designed Coldry and Matmor plant in Tamil Nadu.

Senior executives of NMDC Limited and NLC India Limited will visit Australia to sign a joint R&D agreement with Environmental Clean Technologies Limited (ECT) an Australian company expert in commercialising leading-edge coal and iron-making technologies.

Source- The Moneycontrol

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-

  • NMDC is the largest iron ore mining company in India. 
  • With iron ore production of around 35 million tonnes per annum, it has a domestic market share of about 25% (non-captive category).
  • It Headquarters in Hyderabad.