HIGHLIGHTS
- Government of Andhra Pradesh formally allots 250.00 acres of land for pellet plant and 750 acres of land for an integrated steel plant.
- Multiple proposals from large scale EPC contractors received, with technical reviews and discussions ongoing.
- Current Indian industry norms indicate a possible A$44-$52 per pellet tonne operating profit for a NSL owned pellet plant.
NSL Consolidated Limited (Company, ASX: NSL, NSLO), is pleased to announce further progress on the Binding Joint Venture Agreement (JVA) for the establishment of a greenfield steel making plant in Andhra Pradesh (AP).
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