SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.

With sub-grade iron ore fines inventory piling up, state-owned Steel Authority of India (SAIL) is looking to set up a beneficiation plant to consume the ore generated by its mines in future.

As on March 31, 2021, the company is sitting on total 42.60 million tonne sub-grade iron ore fines and has been able to sell a meager 0.40 million tonne during the year.

 “Sub-grade iron ore fines sold outside of mining leased area attracts royalty for the seller making the dispatch costly. Due to this, instead of selling outside, it makes more sense (for the company) to set up