According to Mr NK Nanda CMD of NMDC, NMDC is hopeful of its revenues touching INR 15,000 crore in the next financial year even as the production is expected to touch 27 million tonnes with EBITDA margins of 80% to 82%.

NMDC has CAPEX plans of INR 3,600 crore for FY13 and about INR 2,000 crore of this will go into the integrated steel plant it has taken up.

Among others, it is planning to set up a 10 million tonne per annum pipe line for evacuation of iron ore from Bailadila sector to Visakhapatnam with a loop line of 2 million tonne per annum capacity at Nagarmar to cater steel plant. This pipeline would help in increasing for production of iron ore and supply to our domestic customers like RINL and Essar Steel.

He said that “The slurry pipeline, which will also have a beneficiation plant, will aid in the increase of production adding that it will also double the railway line, which will be about 135 km in a PPP model. NMDC will provide advance loan to the tune of INR 800 crore or so and this will come back to it in the form of rebates over a period of time.”

It has identified an iron ore asset that is close to port with reserves more than one billion tonne in Brazil. In Russia and Mozambique it is pursuing coking coal assets that are more than 50 million tonnes and 150 million tonnes respectively. He said that “We will use Legacy as our arm for further acquisition.”

(Sourced from www.mydigitalfc.com)