Orissa Minerals to invest Rs 800 cr in pellet, beneficiation plants

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.