Indian state-owned iron ore miner NMDC Limited will commission its 400 km slurry pipeline connecting its mines in the central Indian state of Chhattisgarh to the southern Indian port town of Vishakhapatnam by 2021, company sources said on Friday, June 7.
The sources said that all clearances for the project were secured and land acquisition where necessary and right-of-way for the pipeline was underway.
NMDC is currently facing constraints in evacuation of production from its Bailadila mines in Chhattisgarh and the pipeline will ensure higher logistical efficiencies of mine production, the sources added.
As part of funding the pipeline project in the current fiscal year and also to fund other ongoing projects at its mines, NMDC has hiked its planned capital expenditure to $373 million for 2018-19, 25 percent higher than the capital expenditure incurred by the miner in the previous fiscal year, the sources said.
