Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.

Production of Steel Shots and Grits Lucrative Business Opportunities in Steel Abrasives

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Steel Shots and Grits:

Steel shots and grits refers to any small fragments or grains made out of a hardened material (usually steel). These abrasive particles are used in shot blasting and grinding applications to rough up metal surfaces and remove rust, paint, coatings, scale and other unwanted layers.

Steel Shot is sometimes called steel grit or alloy shot depending on its composition. The range of sizes available covers anything from fine powders down to big chunks almost 1/2 in diameter! Most people think that steel shots are simply tiny pieces of steel, but that’s not true at all.

They actually come in different forms such as spherical balls, flakes, rings and spirals. Sometimes they even have high-carbon additives which make them very hard materials that can cut through thick metals like butter.


Business Plan: Steel Shots & Grits (Steel Abrasives) Manufacturing Business


Uses and Applications of Steel Shots and Grits:

While steel abrasives are used in a range of industrial applications, two major markets for steel abrasive products are found in manufacturing and mining. In manufacturing, steel shot is frequently used for surface preparation purposes before painting or welding. Grit is applied as a cutting tool to grind down and/or remove unwanted sections from metal surfaces.

For example, grinder bits may use grit to provide cutting power. Steel grit may also be used on razors or knives to sharpen their edges. In addition, steel shots and grits are often used to polish metals that have been coated with paint or other coatings.

The final application of steel shots and grits is in mining operations where they are used as proppants—i.e., materials that prop open fissures in rock during drilling operations.


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Manufacturing Process of Steel Shots and Grits:

In general there are two ways for making steel shots and steel grits - indirect method via cooled blast furnace slag and direct method via direct remelting. In indirect method ore is purified by removing heavy material through screening, magnetic separation, crushing and grinding processes;

Next carbon content of ore should be reduced by either blowing air into ore in furnace or coke calcination which makes it brittle enough to crush easily into small pieces. Then molten pig iron is made from ore in blast furnace. In direct method molten pig iron can directly be used as feedstock for steel shot and grits manufacturing.


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The advantage of using molten pig iron as feedstock instead of raw materials such as iron ore, coking coal and limestone lies in that all impurities will have been burnt out during melting process so that no purification process needs to be carried out before making metal shapes.

There are mainly two ways for producing steel shots and grits - by continuous casting machine or by ball milling. In continuous casting machine molten pig iron is poured into water which makes it into slurry;

Then it is transferred to a water-cooled mold where it solidifies into a semi-finished product; next semi-finished products are cooled down in water again then cutted up with saw or wire saw machine. Steel shots and grits can be produced by ball milling as well.


Related Feasibility Study Reports: Steel and Steel Products, Iron and Steel, Ferrous Metals Products, Alloy Steel , Cold Rolling, Foundry , Hot rolling , Pelletizing , Rolling , Rolling Mill , Stainless Steel , Steel Mill , Tinplate, Carbon Steel, Forge Products, Mild Steels Projects


Benefits of Starting Steel Shots and Grits Production Business:

Steel shots and grits are widely used in a variety of industries, thus the benefits of launching this firm are numerous. They can be used for abrasive blasting, cutlery (steel shot), building, and metallurgical refractory materials, among other things. Their versatility makes them a good investment for anyone wishing to start a business producing these items.

Even with the present price swings, steel is still one of the most regularly utilised metals in manufacturing operations. This means that no matter how much or how little volatility there is on any given day, you'll still have a steady stream of consumers that require your services.


Read Similar Articles: Iron and Steel Projects


Furthermore, if you decide to expand your operation at some point in the future, finding new uses for your steel will be far easier than finding new uses for a different material.

Steel's adaptability makes it particularly enticing when starting a business; many businesses begin small and expand over time by adding new goods or entering new markets. Steel has been present for thousands of years, therefore its utility is unlikely to diminish very soon!


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Market Outlook of Steel Abrasive:

The Steel Abrasive market is predicted to reach millions in 2022, growing at a CAGR of around 5% over the forecast period. In the following years, the steel abrasives market is predicted to rise at a healthy pace. The primary trends driving market growth include rapid industrialization and increase of automotive production.

Leading vehicle manufacturers are developing low-weight products that produce less carbon dioxide, are cost-effective, and give outstanding performance in order to reduce environmental concerns. Leading abrasive manufacturers are attempting to cash in on this trend by developing solutions that deliver high-quality vehicle components with a polished finish.


Read our Books Here: Steel, Iron, Ferrous, Non-Ferrous Metals with Casting and Forging, Aluminium, Ferroalloys Technology


Steel abrasives' more environmentally friendly character in terms of recyclability and less waste generation is a driving force for their adoption over a wide range of other similar abrasives. Steel abrasives are projected to benefit from increased demand for manufactured industrial items with high precision finishes in end-use sectors.

In addition, the steel abrasives market is likely to be driven by strong growth in the construction sector around the world. Due to strong increase in industrial applications in the previous five years, Asia Pacific is predicted to be the largest market for steel abrasives. India, China, Russia, Brazil, and South America are some of the major economies with great development potential for the market.


Watch other Informative Videos: Steel and Steel Products, Iron and Steel, Ferrous Metals Products, Alloy Steel, Tinplate, Carbon Steel, Steel Mill, Forge Products, and Mild Steels Projects


Global Steel Grits Market:

The global steel grits market is divided into five grades: GS, GM, GL, GH, and others. The GH and GM categories are expected to grow significantly in demand throughout the projection period. The global steel grits market is driven by rapid industrialization and urbanisation.

Over the previous few years, investments in the automotive, aerospace, metalwork, and metal fabrication industries have expanded. Steel grits have become more popular as a result of this. During the forecast period, the tendency is expected to continue.

During the projected period, Asia Pacific is expected to lead the worldwide steel grits market. During the forecast period, the market in the region is expected to grow at a significant rate. This can be attributed to the region's rapid industrial expansion. The region's leading countries are China, India, Japan, and Singapore.


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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.



NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.


The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.


Our Approach:

• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.


Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR