Project Expansion

Your Company has charted a vision for expanding the existing facility at Kottayi, Palakkad in Kerala to enhance the production capacity of Steel Ingots and Billets to 55440 TPA & Rolling Mill plant with Capacity 74250 TPA. The plan is to raise the total Steel production of the Company to 0.13 million TPA over the next few years and provide the foundation to maintain high quality growth and enhance value creation for its shareholders.

Acquisition Of Integrated Steel Plant

As a part of its forward integration strategy, your Company is poised to seize the opportunities in the Iron & Steel Industry (both for steel & intermediary saleable products) through its Acquisition of Integrated Steel Plant. Company is strengthening’s its raw material linkages, technology edge and management expertise. These opportunities will be linked directly to the growing demand from the automobile and auto components, infrastructure, construction and power sectors. The Target Company was engaged in the manufacturing of
Carbon Steel Forging and also in the business of manufacturing sponge iron, steel and steel rolled products like billets, blooms, bars etc. & has also forging and machining facilities to manufacture steel flanges, bearing races, rings, etc. It is an integrated steel plant having capability to manufacture products across the entire value chain of steel from sponge iron to forged and machined products.

Acquisition Of Iron Ore Mines

Your Company has also taken necessary steps for securing its raw material requirements and integrating backwards into mining of Iron Ore, Coal and Chrome Ore. SIEL in talks to acquire 50% stake, in Buxwaha Iron Ore mine spread over 150 Hectares in Chattarpur area of Madhya Pradesh, India. The mining division has its iron ore operations in the mineral rich Chattarpur belt of Madhya Pradesh. The mines have a substantial resource base of superior quality iron ore with high Fe (iron) content and bulk density. The Fe content varies between 63 to 66 per cent, which makes it one of the best quality materials available in the country. SIEL Mining will hold a leading position in the Indian mining industry for its superior mining techniques, equipment, and scale and flexibility of operations and systems. The potential of the proven deposit, as well as the quality and quantity of reserves, are good enough to sustain
the mining operations for the next 20 years at the current operating capacity. The main products are:

  • Calibrated iron ore lump – inputs for steel making through the DRI/BF process
  • Iron ore fines – inputs for sinters and pellets, used for making steel

The mining operations are mechanized, adopting state-of-the-art technology and equipment namely hydraulic drifter, in-pit crusher, cone crushers and mobile crushers. Flexibility in operations enables the division to maximize the utilization of resources, as well as cater to the needs of diverse customers.

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