The Indian company SMEL has commissioned an iron ore processing plant with a capacity of 1.5 million tons at the Odisha plant.

Indian company Shyam Metallics and Energy Limited (SMEL) has commissioned a new 1.5 million tons per year iron ore processing plant at its Sambaldpur steel mill in the eastern state of Odisha, according to a company report filed on Wednesday, July 29.

The processing plant, built with an investment of 15.66 million US dollars, is now fully operational and designed for processing low-grade ore. iron ore into high-quality raw materials for the operation of its steel mill, the company said.

The main strategic goal of the new company is to reduce dependence on expensive external raw materials. By processing low-grade ore in-house, SMEL strives to achieve strong cost synergies and improve overall operating profitability. According to the company, the plant uses advanced enrichment technology to ensure the uniformity of premium grade raw materials, which increases product yield and productivity across all production lines.

Ajoy DasEditor

I graduated from the University of Calcutta with a degree in economics and have three years of experience reporting for leading print publications covering key industries such as metallurgy and steel, energy (fossil and renewable), chemical and petrochemical, and mining (coal, bauxite, iron ore, and copper). I work as a SteelOrbis correspondent covering the Indian steel industry, covering pricing and trading trends across the value chain, capacity creation and utilization, corporate developments, public policy fundamentals, and industry news.