Essel Mining Industries Limited (EMIL) has cut iron ore prices by Rs 400/MT w.e.f. August 1, 2013. Iron ore lumps are now less by Rs 400/MT and iron fines prices by Rs 100/MT. A couple of weeks ago, iron ore lumps prices were reduced by Rs 200/MT while iron fines prices were kept unchanged.
Iron ore lumps prices of 5-18 mm for Fe 65 and Fe 63 are Rs 6,525/MT and Rs 6,175/MT respectively, while, prices for 10-30 mm are at Rs 5,875/MT for Fe 65 and at Rs 5,425/MT for Fe 63. Iron ore fines of Fe 63 after price decline are offered at Rs 2,075/MT.
Essel Mining & Industries Limited (EMIL) is part of Aditya Birla Group, India’s first truly global corporation with operations in 36 countries. Set up in 1950, the company is today amongst India’s largest iron ore mining companies and has also made forays into coal and dolomite mining. EMIL’s core business is mining. Located in the mineral-rich Barbil-Barajamda belt of Odisha, the company’s calibrated iron ore lump and iron ore fines, with Fe content between 62-66 per cent, are the best quality available in the country. Technological expertise is one of the company’s key strengths, ably supported by its world-class facilities and new generation equipment for dozing of mine faces, formation of benches, drilling, blasting, crushing, sizing and screening of iron ore to required sizes.
Recently the company got approval from the Odisha Government for setting up a Pellet plant with production capacity of 1.2 MnTPA. The proposal for the project got approved in the Single Window Clearance Authority (SWCLA) on July 30, 2013. They will invest Rs 379 crore to set up the plant in Koida Tahsil of Sundargarh District, Odisha.