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Essar Steel gets Consent to Establish from SPCB for iron ore block in Odisha

16 Jan 2018 Evaluate

Essar Steel has received ‘Consent to Establish’ from the State Pollution Control Board (SPCB) for its Ghoraburhani-Sagasahi iron ore block at Bhubaneswar in Odisha. The approval is for production of run of the mine iron ore of capacity 7.16 million tonnes per annum (mtpa), crushing and screening plant and iron ore beneficiation plant of 6.7 mtpa. The facilities are proposed to be set up over an area of 139.16 hectares straddling the villages of Ghoraburhani, Sagasahi and Kalamanga at Koira tahsil in Sundargarh district. The order is valid for five years during which Essar Steel is required to commence mining activities.

It was the first iron ore mine to be auctioned in the country. The company won the block with about 100 million tonnes deposits, outbidding strong contenders like Tata Steel and Jindal Steel & Power (JSPL).

Essar Steel is a global producer of steel with a footprint covering India, Canada, USA, and Asia.

Peers
Company Name CMP
Tata Steel 217.05
JSW Steel 1283.30
SAIL 187.35
Jindal Stainless 766.10
APL Apollo Tubes 1972.80
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