Iron ore is a naturally occurring mineral resource extracted from deposits formed through various geological processes, including weathering, sedimentation, hydrothermal activity, and chemical processes. These deposits occur in igneous, metamorphic, and sedimentary formations. For iron ore to be commercially classified as an ore, the iron-bearing mineral deposits must be suitable for mining and reduction into iron. Direct shipping ores can be transported after mining without beneficiation and generally contain 25–68% iron, while lower-grade ores require beneficiation before being supplied to iron-making facilities.
The iron and steel industry is considered an important indicator of industrial development, with steel consumption per capita widely used as a measure of economic progress. Historically, India has recorded lower per capita steel consumption compared with several developed countries such as Sweden, West Germany, Japan, and the USA.
This feasibility report has been prepared for establishing a 1000 TPD iron ore fines/lumps production facility from iron ore as a Brown Field Project. The proposed facility focuses on processing iron ore resources to support industrial requirements through a planned production and operational framework.
| Particulars | Details |
|---|---|
| Plant Capacity | 1000 MT/Day |
| Land & Building (27010 sq.mt.) | Rs. 19.40 Cr |
| Plant & Machinery | Rs. 3.08 Cr |
| Working Capital for 0.5 Month | Rs. 5.80 Cr |
| Total Capital Investment | Rs. 28.77 Cr |
| Rate of Return | 35% |
| Break Even Point | 58% |
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