Hyderabad: The PSU National Mineral Development Corporation (NMDC), the mining expert and SAIL, the steel maker, are joining hands to develop a limestone project at Arki in Himachal Pradesh.
The process was initiated by signing a memorandum of understanding (MoU) between NMDC and SAIL on Wednesday in the presence of the minister for steel Virbhadra Singh and the minister of state for steel A Sai Prathap.
The MoU was earlier signed on Monday at New Delhi by Atul Chaturvedi, secretary (steel), Rana Som, CMD of NMDC and S K Roongta, CMD of SAIL.
NMDC is holding the mining lease for limestone in Arki. the deposit has about 100 million tonnes of SMS grade limestone, a valuable input for steelmaking. By signing the MoU, both the companies will jointly look into various technical aspects to develop a three-million tonne per annum project. the supply from this project will ensure limestone raw material security for the steel plants of SAIL and also to the NMDC’s steel plant being put up at Nagarnar in Chhattisgarh.
As the project comes up, Himachal Pradesh would also benefit by way of employment generation, sustained growth and economic prosperity, an NMDC release said.