NMDC Merger

It appears that the merger between RINL & NMDC is back on the cards. So what does this mean for ECT Coldry?!?!

NMDC has the iron ore.
RINL pellet manufacturer.
ECT technology to enhance pellet efficiency of RINL?!?! Must also be mindful that RINL already have a manufacturing plant.

http://www.thehindu.com/news/cities...dc-merger-gaining-momentum/article7035960.ece

http://www.business-standard.com/ar...lity-of-merger-with-kiocl-115032400564_1.html

An official of RINL said merger would also help both the entities to emerge as a formidable force both in India and overseas market.

RINL, which is in the process of getting listed, is the corporate entity of VSP. NMDC, which has its headquarters in Hyderabad is the State-controlled mineral producer and has long-term agreement with RINL to supply iron ore extracted from Bailadilla mines in Chattisgarh to meet raw material requirement of VSP.

NMDC is establishing three million tonne steel plant near Jagdalpur in Bastar. On the other hand, RINL has a rich land bank with 25,000 acres under its ownership with dream to make VSP as the largest single location integrated steel plant in future.

Definitely no shortage of raw materials - plenty for ECT to work with. Probably need to understand the level of pellet quality and manufacturing by RINL but this could provide ECT with opportunity to enhance the quality of RINL pellets. Very exciting to hear about the aggresive production and growth prospects of NMDC and what this means for ECT.

Time will tell. DYOR. ALL IMO. GLTA.