NMDC Risks $558M in Maoist-Hit Areas

Bloomberg reported that India’s largest iron ore producer, NMDC Ltd., will build a $558 million pipeline to boost sales that were affected by guerilla attacks in Chhattisgarh to Vishakapatnam.

As quoted in the market news:

NMDC is seeking to boost iron ore sales and stem a decline in revenue after Maoists in October 2011 blew up a pipeline carrying the raw material to its biggest buyer, Essar Steel Ltd., two years after the first attack on the same target.

Click here to read the full Bloomberg report.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Investing Opportunity: Using LME Prices and Base Metals News 

Get Our Expert Guide to Base Metals Investing FREE!

  Download this FREE Special Report, Investing Opportunity: Using LME Prices and Base Metals News.

Leave a Reply