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NAPC bags two mining projects in Thailand

— PHOTO: V. GANESAN

OVERSEAS FORAY: Varun Manian, Director, NAPC, flanked by S. Karthik (left), Vice-President-Mining, and R. Rajagopalan, Advisor, at a press conference in Chennai on Thursday.

CHENNAI: National Asphalt Products and Construction Company (NAPC), a Chennai-based infrastructure and contractual mining company, has bagged two prestigious iron-ore mining projects in Thailand. These projects will be on a 50:50 joint venture with a leading mine owner and the contract value will be of $110 million for a lease period of 10 years.

Addressing presspersons here on Thursday, Varun Manian, Director, NAPC, said these two mines were located at Wang Pong and Pa Tong in 5,000 acres and 2,000 acres respectively and would be providing employment opportunities to over 1,000 people in Thailand, besides providing offshore working experience to 80 NAPC engineers across levels.

The company had also signed an agreement for mining and export of manganese ore in Laos, Cambodia, Mr. Manian said. The company would be investing at least Rs. 250 crore in mining projects and the needed funds would be met from internal resources. For further requirement of funds, the company would go in for either private equity placement or public issue, Mr. Manian said.

NAPC had undertaken a Rs. 75 crore overseas road project in Dubai — the Al-awir highway road to Oman and Hatta. At present, it was executing green line elevated section traffic diversion work at Abuhail station. It was also working on Villa Airport in the Maldives besides setting up ready-mix concrete plants in Abu Dhabi.

The company’s future plans included providing complete turnkey solutions for industrial buildings and projects, water management, coal mining and real estate and property development, Mr. Manian said.

The company has also executed several projects for multinationals such as Ford, Toyota, Hyundai, Saint Gobain, Dupont, Caterpillar, Nokia, Motorola, Flextronics and recently Nissan Renault. The services covered diverse activities such as land development, roads, drainage and other infrastructure.

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