Orissa Minerals Development Company Ltd (OMDC), now in the fold of Rashtriya Ispat Nigam Ltd (RINL), has decided to set up a 2 million tonnes per annum (mpta) pellet plant and a 2 mpta iron ore beneficiation unit at a cost of Rs 400 crore each.
The company exports iron ore fines since 2005-06. The company's constraint lies in the pendency of renewal of three of mining leases. OMDC has 26 per cent stake in a joint venture — East India Minerals Limited (EIML) for production of sponge grade iron ore. OMDC's mines are located around Barbil in Keonjhar district of Orissa. It also has a 100 TPD sponge iron plant.
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