Project<\/h6>\n

Status Details<\/h3>\n <\/div>\n <\/div>\n\n [\/vc_column][\/vc_row][vc_row][vc_column css=”.vc_custom_1545817426227{padding-bottom: 50px !important;}”][vc_column_text css_animation=”fadeInUp” css=”.vc_custom_1712224974713{margin-bottom: 0px !important;}”]1. Project has been approved by the Industrial Promotion & Investment Corporation of Odisha (IPICOL) and approved by the Ministry of Steel, Govt. of India to be included in the National Infrastructure Project (NIP) .<\/p>\n

2. Techno-Economic Feasibility Report (TEFR) prepared by MN DASTUR; concluded project is financially attractive and has very strong financial ratios.[\/vc_column_text][vc_single_image image=”2643″ img_size=”full” css=”.vc_custom_1670835813409{padding-top: 50px !important;}”][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1670489930378{padding-top: 45px !important;padding-bottom: 90px !important;}”][vc_column]\n

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Current<\/h6>\n

Status of Project<\/h3>\n <\/div>\n <\/div>\n\n [vc_column_text css_animation=”fadeInUp” css=”.vc_custom_1710245300661{margin-bottom: 0px !important;}”]1. Land:<\/strong><\/p>\n

\n
• Beneficiation Plant:<\/strong> Govt of Odisha has allocated a contiguous land parcel of 132 acres for the project.<\/li>\n
• Pellet Plant:<\/strong> Essar Minmet Ltd has taken over the possession of 100 acres of land from Paradip Port Authority, the second largest major port in the country.<\/li>\n
• Slurry Pipeline:<\/strong> The Right of Way ( RoW) for entire 245 km is secured.<\/li>\n<\/ul>\n

   <\/p>\n

  2. Power and Water Connectivity:<\/strong><\/p>\n

  \n
  • Required power and water for the project is sanctioned by the Govt of Odisha.<\/li>\n
  • The water drawl point on River Baitarani is taken from Mirigsinga around 51 km from the beneficiation site. Entire RoW for 51 km is received from National Highway and State Authorities. 17 km RoWs received and the balance 33 km recommendation made by NHAI same approval is expected soon.<\/li>\n<\/ul>\n

     <\/p>\n

    3. Environmental Clearance:<\/strong><\/p>\n

    \n
    • For Pellet Plant- Expert Appraisal Committee (EAC) recommended for Environment Clearance (EC) in meeting held on 25^{th<\/sup> Jan 2024.<\/li>\n}
    • For Beneficiation Plant Environment Clearance is expected soon.<\/li>\n<\/ul>\n

       <\/p>\n

      4. Gas:<\/strong><\/p>\n

      \n
      • Term Sheet \/ GSA signed with IOCL & GAIL for supply of Natural Gas.<\/li>\n<\/ul>\n

         <\/p>\n

        5. Off Take \/ Marketing of Pellets:<\/strong><\/p>\n

        \n
        • Off-take agreements for entire pellet quantity is signed with reputed trading houses and end users.<\/li>\n<\/ul>\n

           <\/p>\n

          6. Raw Material Supply of Iron Ore Fines:<\/strong><\/p>\n

          \n
          • Agreement for sourcing of 11 MTPA iron ore fines signed with local private miners.<\/li>\n
          • A letter of comfort from M\/s OMC for supply of iron ore fines for entire quantity about 18 million tons.<\/li>\n<\/ul>\n

            [\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1670489930378{padding-top: 45px !important;padding-bottom: 90px !important;}”][vc_column]\n

            \n

            <\/div>\n

            \n

            Project<\/h6>\n

            Timeline<\/h3>\n <\/div>\n <\/div>\n\n [vc_column_text css_animation=”fadeInUp” css=”.vc_custom_1710245357983{margin-bottom: 0px !important;}”]1. The project is expected to be completed within 30 months from the date of execution of the contract.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

            [vc_row css=”.vc_custom_1670415189768{padding-top: 45px !important;}”][vc_column][\/vc_column][\/vc_row][vc_row][vc_column css=”.vc_custom_1545817426227{padding-bottom: 50px !important;}”][vc_column_text css_animation=”fadeInUp” css=”.vc_custom_1712224974713{margin-bottom: 0px !important;}”]1. Project has been approved by the Industrial Promotion & Investment Corporation of Odisha (IPICOL) and approved by the Ministry of Steel, Govt. of India to be included in the National Infrastructure Project (NIP) . 2. Techno-Economic Feasibility Report (TEFR) prepared by MN DASTUR; concluded […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template\/blank-page-sidebar.php","meta":{"footnotes":""},"_links":{"self":[{"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/pages\/2959"}],"collection":[{"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2959"}],"version-history":[{"count":42,"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/pages\/2959\/revisions"}],"predecessor-version":[{"id":3096,"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=\/wp\/v2\/pages\/2959\/revisions\/3096"}],"wp:attachment":[{"href":"http:\/\/beta.essarminmet.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}