He said the company would spend about Rs 30 lakh per year as recurring expenses. The company, which exports the ore to China in addition to supplying domestic steel mills and the cement industry, has exported 1.5 million tons of ore to China at a cost of $150 million per year. The company is also heavily involved in infrastructure development. MEL`s interest in mining dates back to the founding period. For more than four decades, the company has been extracting iron ore from open pit mines. Currently, the leases extend to iron and manganese ore at various locations in the state of Karnataka with significant reserves of quality ore at Chitradurga & Tumkur under the direct control of the Company. The Mineral Enterprises Limited (MEL), a private mining company, has started this project, a 10.5 km long stretch, at a cost of about Rs 65 billion. He said a wagon with 60 bogies can carry 3,900 tons of ore, which would bring the railways an annual turnover of 1.2 trillion rupees. Poddar said it took the company nearly five years to commission the project, for which about 125 hectares were acquired by farmers by spending about 3 billion rupees. The company has also entered into a partnership with the prestige group with a 50% stake in M/s. Prestige Realty Ventures, a partnership company, with the aim of continuing the construction and real estate development activities. The total area of land held by the company is approximately.
33 hectares near Bangalore International Airport. “But after the state government banned exports, we are losing huge revenues in the last six months,” he said. Wind turbines with a capacity of 15 MW have been built at 3 sites in Chitradurga district, the highest windy area in Karnataka. The latest wind turbines, developed and supplied by Enercon India Limited – the pioneers in this field – offer the maximum turbine utilization factor. The project generates a total of about 30 million units of electricity per year, which will be evacuated to the National Electricity Board (SEB) grid to improve the state`s electricity supply. The 3 projects are all of a clean development mechanism in the category of unconventional energy resources. He called the government`s decision to ban exports unfeasible, saying India only exports low-quality ore that is not used domestically because it requires high-tech machinery and a lot of electricity to convert ore into iron. Wikipedia defines corporate social responsibility (CSR) as a form of corporate self-regulation embedded in a business model, also known as corporate awareness or responsible business. We take this definition very seriously and therefore go beyond what is required of us. See below for more details. He contacted members of the press after participating in the reporting program and said the new link would increase freight traffic revenues for the railway. Fe sintering degree: 58/58 Base & 60/60 Area size: 0-10mm, 90%-100 Mesh -40% Max To ensure seamless rail connectivity for the movement of iron ore from the mines to the final destination, a private siding is being developed to connect MEL – Sesa Goa Mines to the transmission network.
The Amruthapura – BBH Railway was built over 10.5 km and developed at the cost of INR 90 crores. “The rail link will certainly facilitate the flow of traffic on the roads. In addition, it would be even more convenient for mine owners to transport the ore to steel mills in Karnataka and neighbouring countries such as Andhra Pradesh and Goa,” said Basant Poddar, MANAGING DIRECTOR of MEL. The railway line from BBH mine near Bhimasamudra to Amritapur railway station, Chitradurga Taluk, was opened to freight traffic on Friday. This is expected to improve the efficiency of iron ore movement in Karnataka. Blast furnace grade Fe: 62 Grade & 58/56 Grade Size: 10mm to 40mm Type: Washed and unwashed Our operations are spread over iron ore and manganese mining, power generation, infrastructure projects and real estate development. MEL also invested in a dedicated power line over 15 km from Sirigere to its BBH mines in Chitradurga, which took 5 years to complete. This elimination of the use of several sets of DGs has contributed to a significant reduction in the carbon footprint, which is environmentally friendly. MEL has ventured into the real estate sector by acquiring land in Chicolna, Mormugao, south of Goa, with an area of about 100,625 square meters, where it wants to build a complex. HMRDC was established by the Ministry of Railways (Government of India), the Government of Karnataka and the Rail Infrastructure Development Company (Karnataka) Ltd., the New Mangalore Port Trust (NMPT) and Mineral Enterprises Pvt.
Ltd. (MEL), who participated in the project as strategic partners. The project is the first project in the country to be funded by a state government and the Ministry of Railways for the construction and operation of a railway line. “Since China has this technology, they import this lower mineral. The high-grade ore is sold in India itself. Now that the government has banned exports, poor quality is simply eliminated in the shipyards. We can`t sell it abroad, and local companies won`t buy it,” he noted.