The Road Ahead
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
- Setting up of Coal Washery Project on BOOT basis
- Acquisition of coal blocks for commercial mining
- Developing and operating Greenfield/Brownfield mining projects
- Setting up of Solar Power Plants
