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Rohit Ferro-Tech commences commercial sales from coal mine in Indonesia

20 Nov 2013 Evaluate

Rohit Ferro-Tech’s - Pt Bara Prima Mandiri (BPM) having a Coking Coal mine located in Central Kalimantan Province of Indonesia has started commercial sales on November 19, 2013 by shipping its first cargo to China. BPM is owned by the company through its wholly owned subsidiary SKP Overseas, Singapore.

The company is in the process of finalizing one of the largest mining contractors in Indonesia for expanding the production to reach at the optimum production capacity by March, 2014.

The company has targeted to produce approximately 500,000 MT of Coking Coal per year from the open cast reserves. Considering the huge potential in underground mining the company is also doing a further techno-commercial study to enhance the capacity in coming years.

Peers
Company Name CMP
JSW Steel 1221.65
Tata Steel 172.30
Steel Authority 169.30
Jindal Stainless 733.35
APL Apollo Tubes 2067.80
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