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Shapoorji in ore beneficiation foray

Raghavendra Kamath  |  Mumbai 

& Co (SPCL), promoted by billionaire Shapoorji Pallonji, will diversify its international operations by foraying into ore beneficiation projects, in which the ore is enriched to get more metal components.
It has bid for contracts (engineering, of diamond ore beneficiation plant in the south African country of Botswana and copper ore beneficiation plant in Congo in west-central Africa, along with global engineering major Batesman.
In India, SPCL is foraying into ore-related projects. It is bidding for projects of steel majors including SAIL, TISCO, Jindal Steel and Salem Steel. It is getting into projects including ore beneficiation, ore washeries, blast furnace, raw material handling sintering plants in India and overseas.
"We see a huge potential in this space. In two years, 20 per cent of the business will come from contracts in ore-related projects. We will tie up with technology firms from Germany, Australia, Japan, South Africa among others for our technical needs," SPCL Construction Division Chief Executive Officer said.
It is the first time that the 141-year-old SPCL is getting into ore-related projects in India and abroad. It has been designing and constructing hotels, hospitals, industrial structures, IT parks, residential complexes in India and abroad.
In February, another group firm, Afcons Infrastructure, had announced its foray into mining. Afcons had signed an MoU with Walter Mining PTY, Australia, for deep-pit mining in India with focus on underground coal mining. Under the agreement, the companies can also set up a joint venture in future.
Besides ore-related projects, SPCL has set sights on international operations. In fact, the company saw Rs 350 crore business coming up from overseas operations in FY 06-07, where its total business was Rs 1,750 crore. In FY08, it expects a turnover of Rs 1,000 crore from its international operations from a total business of Rs 3,250 crore.
NEW INITIATIVE
  • The company has bid for EPC contracts of diamond ore beneficiation plant in Botswana and copper ore beneficiation plant in Congo along with global engineering major Batesman
  • In India, it is bidding for EPC projects of steel majors including SAIL, TISCO, Jindal Steel and Salem Steel
  • The company is getting into projects including ore beneficiation, ore washeries, blast furnace, raw material handling sintering plants in India and overseas
  • First Published: Thu, April 05 2007. 00:00 IST
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