NMDC Infra

NMDC Infra, a subsidiary of NMDC Group, signed an agreement to acquire a 51% stake in Lantania Aguas, a Spanish water treatment company. The renamed entity Lantania NMDC Water will combine capabilities in desalination and water treatment.

EtihadWE's Development and Investment Arm signed an EPC agreement with NMDC Infra and Lantania Aguas for the Fujairah I Independent Water Producer project, a 60 MIGD seawater reverse osmosis desalination plant with a total investment of AED 1.046 billion ($285 million).