You are here: Home > Steel News > Latest Steel News > India’s...

India’s Tega inks turnkey contract with NMDC Limited for iron ore project

Friday, 28 June 2024 15:02:40 (GMT+3)   |   Kolkata
       

Indian engineering firm Tega Mcnally Minerals Limited, a subsidiary of Tega Industries Limited, has entered into a contract with state-run NMDC Limited for a $105 million turnkey engineering project, a company statement said on Friday, June 28.

The project entails design, engineering, manufacture, supply, erection, testing and commissioning of a new 7 million mt per year capacity iron ore screening and beneficiation plant at NMDC Limited’s Donimalai iron ore complex in the southern Indian state of Karnataka.

In another related statement, NMDC Limited reiterated its target of achieving 100 million mt per year capacity by 2030, up from 45 million mt at present.

It said that it will be using high-end technology like Artificial Intelligence (AI) and drones to improve production and efficiency, and will be making greater use of slurry pipeline and waterways to reduce logistics costs to improve profitability.


Similar articles

Iron ore prices in China inch up, though further increase unlikely

07 Nov | Scrap & Raw Materials

Australia’s CuFe completes sale of JWD iron ore mine rights

07 Nov | Steel News

Major steel and raw material futures prices in China – November 7, 2024 

07 Nov | Longs and Billet

Daily iron ore prices CFR China - November 6 2024

06 Nov | Scrap & Raw Materials

Major steel and raw material futures prices in China – November 6, 2024 

06 Nov | Longs and Billet

Daily iron ore prices CFR China - November 5, 2024

05 Nov | Scrap & Raw Materials

India’s NMDC Limited sees 3.83 percent rise in iron ore output in October

05 Nov | Steel News

Major steel and raw material futures prices in China – November 5, 2024 

05 Nov | Longs and Billet

Australia’s CZR yet to complete sale of Robe Mesa iron ore project

05 Nov | Steel News

Brazilian high-grade iron ore price increases from last week

04 Nov | Scrap & Raw Materials