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."
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