Rs 900 crore investment planned by NMDC in Kumaraswamy mines
National Mineral Development Corporation (NMDC) has plans to spend Rs 900 crore in the next two to three years. The investment would go for boosting iron ore production from 7 million tonnes per annum (MTPA) to 10 million tonnes, from its Kumaraswamy mines in Karnataka. The Minister of Environment and Forests has given Environmental Clearance for the project.
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