Next Investors logo grey

NSL Consolidated further cements its place in Andhra Pradesh

Published 17-MAR-2016 16:26 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

NSL Consolidated (ASX:NSL) continues at pace in advancing the development of its iron ore business in India.

NSL recently played a prominent role in an economic working development group hosted by the government of Andhra Pradesh (GoAP).

Attending the workshop was NSL chief operating officer Mr Sean Freeman who was in exalted company with the Consul General to South India Mr Sean Kelly and key members of GoAP and the Kurnool Municipal Corporation.

The workshop was held in Kurnool City.

GoAP has a 15 year plan for the district, with Kurnool, which has a population of 4 million, heavily involved in an urbanisation program.

During discussions NSL was singled out as an “Anchor Company” for promoting the potential for future investment into the District.

NSL presented its Company Corporate and Social Responsibility Plan for the State and touched on key platforms including healthcare, education and skill development, agriculture and water management and sustainable employment.

Having recently signed a MoU with GoAP, NSL is in a strong position to deliver these objectives.

The MoU sets NSL up to produce in excess of eight million tonnes per annum of iron ore in the newly formed state. The MoU also includes the constructions and operation of a centralised pellet plant. Through this collaboration, NSL would create 1800 company jobs and another 1000 supporting jobs.

The AP government has also committed to the development of the Orvakal Mega Industrial Hub within the Kurnool District, just 30km from NSL’s existing operations. This 28,000 acre hub includes access to all vital infrastructure including an airport.

Following the workshop the group the group moved to NSL’s Phase One operations where Mr Freeman conducted a briefing with regards to the construction of the Phase Two plant.

GoAp has allowed for a bypass road to be constructed around the Phase 2 wet beneficiation plant.

This plant will be under part supervision of Design Tribe (India) Pvt Ltd (DTPL), who will be the lead engineers.

NSL and DTPL have been working closely together for the past three years and delivered Phase One on time and on budget.

NSL is confident that the project remains on schedule for Commissioning during the third quarter of 2016.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.