HIGHLIGHTS
- Successful Chinese delegation visit to India hosted by NSL and Government of Andhra Pradesh in support of NSL’s business strategy during November.
- Focus on the proposed steel and pellet plant locations, NSL’s operations and other critical Andhra Pradesh infrastructure opportunities.
- Follow-up round of visits to India and NSL’s operations conducted by several Chinese design, engineering procurement and construction (EPC) contractors in December.
- The Company has received multiple proposals from large scale EPC contractors, with technical reviews and discussions occurring during the visit.
- 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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