NMDC plans to set a joint venture for a slurry pipeline project

NMDC Limited (an Indian Public sector iron or miner) is in talks to set up a slurry pipeline project in joint venture with Rashtriya Ispat Nigam Ltd, Essar Steel, Kudermukh Iron Ore Company Ltd and others. The project entails an investment of ? 8,000-9,000 crore and will also include two iron ore pellet plants, a top official of the company said. « The first phase of the project is targeted to be complete by 2018, » said Narendra Kothari, Chairman and Managing Director of NMDC. The slurry pipeline will be a 400 km underground pipeline between Bailadila and Vizag.