Austria-based plantmaker Siemens VAI Metals Technologies has announced that it has received an order from Indian state-owned miner National Mineral Development Corporation Limited (NMDC) to supply a complete LD (basic oxygen furnace) steelmaking plant. The order volume amounts to approximately €290 million.
The steel plant will be built at Nagarnar in the state of Chhattisgarh as part of an integrated production complex with an annual capacity of approximately three million mt of steel, aiming to increase the steel production capacity in India. The project is scheduled to be completed by mid-2015. NMDC had already ordered a sintering plant from Siemens for the Nagarnar project site.
According to Siemens VAI's statement, the installation of state-of-the-art automation and process technology will allow NMDC to produce high-quality steel at low specific raw material and energy consumption.
NMDC is India's largest manufacturer and exporter of iron ore. The state-owned company mines approximately 30 million mt of ore each year at locations throughout India.