Rs.12000 Million New Polymetallic Nodule Processing Plant in India
A company plans to set up a commercial polymetallic nodule processing plant in India with an initial investment of Rs. 1,200 crore in the first phase. The project involves processing 1 MTPA of dry nodules to create a production capacity of over 30,000 tonnes of an intermediate nickel-copper-cobalt matte product per annum. A Memorandum of Understanding has been signed with a Nasdaq-listed company as of April 2022.
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