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