About Us – Essar Minmet

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About Us – Essar Minmet

About Essar Minmet Project

Essar Minmet is implementing 14 MTPA Greenfield Integrated Iron Ore Pelletization Project, the largest merchant pellet plant in India. Strategically located in the mineral rich state of Odisha. The project is located in the Paradip Port industrial park, with excellent connectivity to long eastern coastline, three major airports and road network.

Only Pelletisation project in India to produce both DR&BF grade pellets at the same time.
The entire project comes under the National Infrastructure Pipeline (NIP).

Our Vision Our Company

To lead the transformation of the supply chain for green and sustainable steel

Our Mission Our Company

Strive to produce DR Grade Pellets of Global Standard through efficient utilization of resources, cutting edge technology and ESG compliant ecosystem.

To be delivered in a single phase

Pelletization Complex

- - Pellet plant 14 MTPA capacity with Straight Grate Technology.
  - Raw materials handling system (RMHS), slurry preparation, pumping units, and other requisite utility and auxiliary facilities
  - 14.3 MTPA Beneficiation Plant in close proximity to various iron ore mines in the region
  - 245 KM long, long-distance slurry pipeline (14.3 MTPA capacity and about 24-inch dia) from beneficiation plant to pellet plan
  - 245 KM long Return Water Pipeline (20-inch dia) parallel to the slurry pipeline, to conserve water
  - 5 KM Long Conveying system (about ~14 MTPA capacity) from pellet plant to Paradip port terminal
  - Location is the eastern state of Odisha, India. The State has the highest iron ore reserves in the Country and has an all-weather port enabling speedy, low-cost evacuation & loading of pellets for shipment

Introduction to

Iron Ore Pellets

What are Iron Ore Pellets?

Iron ore pellets are thermally agglomerated substance formed by heating a variable mixture of beneficiated or run-of-mine iron ore fines, limestone, olivine, bentonite, dolomite, and miscellaneous iron-bearing materials in the range of 1250 °C to1350 °C

Iron ore pellets are normally produced in two types of grades –

BF (Blast Fumace) grade fluxed iron ore pellets are used mainly in blast furnaces for steel production
DRI (Direct Reduced Iron) grade sponge iron pellets are mainly used in the preparation of DRI, which is used in steel production through electric arc furnaces

Sector

Scenario

Worldwide pellet demand grew at a CAGR of ~4.09% PA between 2014 to 2019, having risen from 398 MTPA in 2014 to 486 MTPA in 2019. Owing to the COVID Pandemic, worldwide demand for Pellets fell by approx. 3.5% to 469 MTPA in 2021. Thereafter, demand is forecasted to grow at a CAGR of 5% p.a. by volume, from 490 MTPA in 2022 to 924 MTPA by 2035.

In an effort to decarbonize the steelmaking process, there is an increased emphasis on the technological shift from BF-BOF Route to EAF Route, which utilizes Pellets and Scrap Steel in the steelmaking process. Roughly 26% of steel was produced through EAF Route in 2021, which is projected to rise up to 35% by 2035, as old technologies are fazed out in due course.

Demand-side trends of Steel Sector

Regulatory

Information

Name of the Company: Essar Minmet Limited
Registered Office & Corporate office Address: Registered Office :- Essar House,11, K K Marg, Mahalaxmi Mumbai – 400034
Regional Office :- 3rd Floor UCCI Building, Plot No 1/1C N6 IRC Village, Nayapalli Bhubaneswar Khordha, Odisha – 751015
Company Identification Number (CIN): U27100MH2016PLC355097
Contact Details: 022 6660 1100/9821551189 Company Email ID:- CS@essarminmet.co.in Email id:- Ashwini.Jawale@essarminmet.co.in
Name of all Directors and KMPs:
1. Mr. Sashi Shekhar Mohanty as – Managing Director and CEO
2. Mr. Ketan as – Whole Time Director & CFO
3. Mr. A. S. Prasad as – Whole Time Director & COO
4. Mr. Ashok Kumar Mangotra as – Independent Director
5. Mr. Prakash Chandra Mohapatra as – Head of Project
6. Mr. Sanjay Kumar Pattnaik as – Chief Commercial Officer