You are here: Home » Companies » News
Business Standard

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

Topics
ArcelorMittal | Nippon Steel | Iron Ore

Ishita Ayan Dutt  |  Kolkata 

The share of top six steel producers in crude steel production, which used to hover at 55 per cent, stood at 63 per cent in FY21

India (AM/NS India) said on Thursday that it has commenced operations at the Ghoraburhani- Sagasahi mine in the district of Sundargarh in Odisha.

Spread over 139.165 hectares, the block has estimated resources of around 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015.

The captive mine is set to produce two million tonnes of high-quality in the current calendar year and production will gradually be ramped up to its rated capacity of 7.16 million tonnes per annum, the company said.

It will initially operate with direct employment of about 600 people and indirect employment of nearly 2,500 people. The will be supplied to the beneficiation plant in Dabuna from where the feed will reach the pellet plant at Paradeep.

Earlier this month, AM/NS India commissioned the second 6 million tonne pellet plant in Odisha, doubling capacity to 12 million tonnes at the Paradeep complex.

Commenting on the commencement of Sagasahi iron ore mine, Dilip Oommen, chief executive officer, AM/NS India, said that it strengthens raw material self-sufficiency efforts.

has significant experience in operating mines that support steelmaking operations across the globe and AM/NS India will draw on the industry leading practices to apply them here,” he said.

“This is yet another step by us towards enabling Odisha to achieve the one trillion-dollar economy target it has set,” Oommen added.

Nikhil Pavan Kalyan, collector and district magistrate, Sundargarh, said, “The entry of the biggest names in manufacturing at a massive scale such as this is an encouraging sign. The government of Odisha has been very strong on its priorities, in its commitment towards industries and the country. AM/NS India has our support in this new endeavour.”

Ahead of its massive expansion, AM/NS India is strengthening its raw material security. The company has set a target of increasing its steelmaking capacity to 30 million tonnes. It includes a 12-million tonne greenfield steel plant at Kendrapara in Odisha. At Hazira in Gujarat, the plan is to increase capacity to 18 million tonnes from a current achievable capacity of around nine million tonnes.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 09 2021. 19:27 IST
RECOMMENDED FOR YOU
.