Short and Medium Term Plans

Development and Mining of Block No. 2 in iron ore Mines Chikkanayakanahalli, Karnataka
Obtaining iron ore and other minerals mining leases in India through reservation route and auction process
Optimizing Blast Furnace Unit for profitable operation
Setting up of R&D Centre in Karnataka for iron ore beneficiation technology and pelletization
Implementing Backward and Forward Integration Projects at Blast Furnace Unit Mangalore
Undertaking exploration work for minerals under National Mineral Exploration Policy
Operation and Maintenance of Beneficiation Plant and Pelletization Plants owned by other Companies

Expansion and Long Term Plans

Acquisition of Iron Ore and other minerals Leases overseas
Development of Nemakal Iron ore mines at Ananthapuram District, AP and setting up of a crushing and beneficiation plant & Pellet Plant
Setting up of Ultra Mega Integrated Steel Plant in Karnataka under Ministry of Steel vision 2020
Setting up of Pellet Plant and matching capacity Beneficiation Plant for Steel PSUs under BOO basis
Setting up of Permanent Railway siding and Bulk Material Handling at Mangalore
Setting up of 13 mtpa Slurry pipeline, 8 mtpa Filter Plant and 6mtpa pellet plant through JVC
Acquisition of smaller Steel Mills, Sponge Iron Plants and other value added plants

Other Diversification Measures