Joint Venture

Orissa Manganese & Minerals Limited (OMML), was acquired through an NCLT as on 22 nd June 2018 and the company is engaged in the exploration, development, mining, and processing of mineral assets.

Amalgam Steel Private Limited (ASPL), incorporated in November 2018, is an iron ore pellet manufacturing company equipped with state-of-the-art technology, located in Kandra, Jamshedpur, Jharkhand. The plant has a production capacity of 1.2 MTPA. The pellet plant is supported by a beneficiation facility that enables the utilization of low-grade iron ore fines by converting them into a value-added product. It produces both blast furnace-grade and DRI-grade pellets. The company is one of the fastest-growing companies in India, catering to a large and quality-conscious customer base. To meet its production targets, the plant requires approximately 1.8 to 2.0 MTPA of iron ore fines.

Amalgam Steel & Power Limited (AS&PL), acquired through an NCLT as on 7 th December 2018, is an integrated steel plant located at Kandra in the state of Jharkhand. The plant is based on Sponge Iron Technology and comprises a 2 x 350 TPD DRI unit with an installed capacity of 0.3 MTPA, 2 x 30-ton Induction Furnaces with a billet production capacity of 0.198 MTPA, and a 30 MW Captive Power Plant. The facility also has its own railway siding. The company has sufficient land available for setting up comprehensive steel manufacturing facilities. It is an ISO-certified company committed to environmental responsibility in and around the plant area.

Crest Steel and Power Private Limited (CSPPL), a steel manufacturing company, was acquired through at Raipur via an NCLT as on 1 st November 2021. The company operates a 0.23 MTPA Sponge Iron Plant, a 0.07 MTPA Steel Melting Shop (SMS), a 16 MW Captive Power Plant, and has its own private railway siding located in Durg, Raipur. The plant is fully operational, and we are currently selling at maximum capacity. Significant capacity expansions and new brownfield projects are underway, with phased commissioning planned over the next two years.

Topworth Steels and Power Private Limited (TSPPL), acquired through an NCLT approval as on 11 th October 2023, operates a 0.165 MTPA Sponge Iron Plant, a 0.144 MTPA Steel Melting Shop (SMS), a 15 MW Captive Power Plant, and a 0.12 MTPA Rolling Mill, all located in Durg, Raipur. The plant is fully operational, and we are currently selling at maximum capacity. We are in the process of expanding our production capacity and introducing new plant technologies aimed at diversifying into structural steel products, which will enable us to cater to a much broader market.