N.K Nanda, Chairman & Managing Director, NMDC Limited,...

N.K Nanda, Chairman & Managing Director, NMDC Limited, Hyderabad, Andhra Pradesh. Government has granted us a coal mine which 60 million tons of coal. The pipeline developed by us is for augmenting our system. The investment will be of 2000 crores. It will be of 8 million tonne of capacity. NMDC also intends to broaden its product portfolio in order to meet the needs of nation as well as to broad base its operations. We are trying to have more acquisitions in Australia also. We are mainly focusing on rock phosphate asset which we are following for some time is now under due diligence process. After successful acquisition of Legacy NMDC is an upbeat mood and is laying its hands for more acquisitions in Brazil, Mozambique, Russia, USA & South Africa. Two new mines are coming up shortly as our new project.