NMDC to go ahead with India steel project without Severstal

NMDC Ltd, India's largest iron ore producer, is going it alone with a project to build a 3 million-tonne-a-year steel plant without Russian partner Severstal, NMDC's chairman said on Wednesday. "There has not been much of a response (from Severstal)," NMDC chairman C.S. Verma told reporters. "For the time being we are implementing it as an NMDC-only project." Mr Verma did not say why Severstal was not interested in the projec...