The said Iron ore mine has geological reserves of around 9.9 MnT. With this captive sourcing, the operating margins and profitability of the company would improve significantly.
The state govt. of Odisha had executed a mining lease of Sirkaguttu Iron & Manganese ore mine in favour of the Company in Keonjhar District of the State on 11th Jan'17.
The company recorded highest ever production of 9.7 lac tonnes of Steel Billets during FY2019. It also recorded highest ever sales volume of 9.4 lac tonnes during FY'19, registering growth of 20% Y-o-Y.
The company has integrated steel plant in Chhatisgarh with finished steel capacity of 1.1 MnT.