State-owned NMDC Steel Ltd on Wednesday announced producing 1 million tonnes of hot rolled coil at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel, an entity demerged and formed from mining firm NMDC Ltd, owns and operates the 3 million-tonne Nagar Steel Plant — referred as India's youngest steel unit — and has been set up with an investment of around Rs 23,000 crore.
"NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement.
On July 21, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on Aug. 11.
Both milestones were reached in less than a year from the commencement of production, the company said.
The company's CMD Amitava Mukherjee said, "Achieving 1 MnT of Hot Rolled Coil (HRC) ahead of schedule is a testament to the dedication, expertise, and hard work of our entire dedicated team. This achievement not only sets a new standard within the PSU sector, but also stand strong against industry benchmarks. We remain focused on sustaining this momentum and continuing to lead with quality and efficiency."
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
