NMDC restarts production from its Sponge Iron Unit
Deepthi | Myequity news | Date : 23-01-2019 15:00:00 IST
Sponge Iron Unit (SIU), Paloncha of NMDC Limited has re-commenced its operations today with lighting up of plant after a long gap of shut down due to administrative reasons. The existing capacity of the plant is to produce 100 T/Day of sponge iron of good quality. At present, the plant is started with 50% of its rated capacity due to long shut down of the plant. However, the plant will be operated at 80% capacity of the above to achieve break even of the expenditure and costs involved. One unit of the sponge iron plant ie., Direct Reduction Plant (DRP-1) was lighted up by Shri T.S. Cherian, Executive Director of NMDC Limited, Bacheli Complex, Chattisgarh State in presence of Shri RD. Nand, Head of the Unit at Paloncha along with Senior Executives, Trade Union Representatives and Plant workers including media people.
The commencement of the plant operations will add value to the steel market supported by NMDC Limited. The supply of iron ore is from the captive mines of NMDC Limited ie., from Bailadila Complex, Chhattisgarh. The coal is being procured from SCCL, Kothagudem. NMDC Limited at Paloncha is expecting revival of the plant in the long run and to fetch good market return after restart of this Unit.