NMDC Board Meeting, page-214

To add to this, no one knows the true potential of Indias potential/ growth over the next 10-20 years, but we all know serious progress and growth is projected in India, the new China. There in lies the huge potential upside for this deal and ECT, and a massive mid to long term play for new investers. Initial upside may not be that reward longer termers are hoping for, but the commencement of a partnership for commerialisation for huge future tech roll out in teh steel and power market in a growth nation at the start of a potential 20 years growth period is about to be approved....
Once we have our approval to proceed (2 days pending board meeting) this will giveway to the signed and binding RCA agreement hopegfully in FEB. ECT have built the foundation of trust and knowledge and are nearly there in India, after ~4 years. ECT employeeing is a great sign of growth and there is much to do. Big few days ahead!

DYOR glta