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.


Capacity Plant and Machinery cost 0.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 1.00 %
Break Even Point (BEP) 0.00 % TCI 0.00 Lakhs
Cost of Project 0.00Lakhs

Titanium is relatively abundant in the earth’s crust, which is usually found in igneous and metamorphic rocks as ilmenite (FeTiO3), rutile (TiO2) and titanomagnetite (Fe2TiO4–Fe2O4). Ilmenite is a lustrous black to brownish titanium ore, essentially FeTiO3. Iron-black, heavy, metallic oxide mineral, composed of iron and titanium oxide (FeTiO), which is the major source of titanium. Thus ilmenite has enough titanium in their composition to be considered titanium ore when found in large enough deposits. Ilmenite contains iron, hence can be an iron ore while rutile does not contain iron, and is not an iron ore. Ilmenite forms as a primary mineral in igneous rocks and is concentrated into layers by a process called magmatic segregation. It crystallizes out of a magma relatively early before most of the other minerals. As a result, the heavier crystals of ilmenite fall to the bottom of the magma chamber and collect in layers. It is these layers that constitute a rich ore body for titanium miners. Ilmenite also occurs in pegmatite’s and some metamorphic rocks as well as in the sedimentary rocks that are formed from the weathering and erosion of them. Rutile is an interesting, varied and important mineral. Rutile is also unwittingly of major importance to the gemstone markets. Titanium dioxide or rutile also has high potential applications in environmental purification, gas sensors, and in photovoltaic cells due to its unique characteristics. Natural rutile, owing to its high titanium content and low levels of impurities, has traditionally been preferred as a feed stock for the production of titanium dioxide pigment. Natural rutile is becoming scarcer and consequently more costly and alternative methods that use ilmenite are being favored. Ilmenite concentrates have relatively low titanium content (usually about 50% titanium dioxide compared to about 96% in the case of rutile) but have Fe as their major impurity and thus pose problems for pigment production. Nevertheless, ilmenite has been used as an alternate feed material for production of pigment through chemical routes. Synthetic rutile was first produced in 1948 and is sold under a variety of names while very pure synthetic rutile is transparent and almost colorless (slightly yellow) in large pieces. Synthetic rutile can be made in a variety of colors. They can be made by doping, although the purest material is almost colorless. The high refractive index gives an adamantine luster and strong refraction that leads to a diamond-like appearance. The near-colorless diamond substitute is sold as Titania, which is the old-fashioned chemical name for this oxide. The process of converting ilmenite to synthetic rutile generates 0.7 tons of waste per ton of product, and the chloride process generates about 0.2 tons of waste per ton of TiO2 product using rutile as a feedstock. In comparison, direct chlorination of ilmenite generates approximately 1.2 tons of waste (primarily ferric chloride) per ton of TiO2 Synthetic rutile (TiO2) can also manufacture through the upgrading of ilmenite ore to remove impurities (mostly iron) and yield a feedstock for production of titanium tetrachloride through the chloride process. The chemical composition of synthetic rutile is similar to that of natural rutile, but differs in physical form. Synthetic rutile concentrates are composed of very fine crystals and are porous, whereas natural rutile grains are composed of single crystals. Benelite Cyclic Process to produce synthetic rutile In the Benelite Cyclic process developed by the Benelite Corporation of America, raw ilmenite sand containing 54 to 65% TiO2 is roasted with heavy fuel oil in a rotary kiln at 870° C. The fuel oil functions as a reducing agent, converting ferric iron (Fe3+) in the ilmenite to the ferrous (Fe2+) state. The fuel oil is burned at the discharge end of the kiln, and the resulting gases are passed through a cyclone and an incinerator to remove solids and unreacted hydrocarbons. The reduced ilmenite is then batch-digested in rotary-ball digesters with 18-20% HCl at 140° C. Ferrous oxide in the ilmenite is converted to soluble ferrous chloride, and the TiO2 portion of the ilmenite is left as a solid. Spent acid liquor, which contains excess HCl and ferrous chloride, is sent to an acid regeneration circuit. The TiO2 solids are washed with water and filtered and calcined at 870° C, yielding synthetic rutile with approximately 94% TiO2. Exhaust gases from the calciner are treated to remove solids and acidic gases before they are released to the atmosphere. In the acid regeneration circuit, the spent acid liquor is sent to a preconcentrator where one-fourth of the water in the liquor is evaporated. The concentrated liquor is sprayed through atomizers, causing the droplets to dry out, yielding HCl gas and ferric oxide powder. The gas is cycloned and then sent to an absorber to remove HCl for reuse. The ferric oxide powder is slurried with water to create the waste stream iron oxide slurry. Synthetic rutile (TiO2) is manufactured through the upgrading of ilmenite ore to remove impurities (mostly iron) and yield a feedstock for production of titanium tetrachloride through the chloride process. The chemical composition of synthetic rutile is similar to that of natural rutile, but differs in physical form. Synthetic rutile concentrates are composed of very fine crystals and are porous, whereas natural rutile grains are composed of single crystals. ? SYNTHETIC RUTILE PROPERTIES Chemical Composition: Titanium Dioxide - TiO2 Classification / Type: The material is found abundant as inclusions (silk, needles, crystals, etc.) in number of gemstones preferably in quartz, tourmaline, ruby and sapphire but large facet table crystals are quite rare therefore gemological importance lies in the synthetic counterpart produced by flame fusion method. Colors / Varieties: All colors, generally colorless with a yellow tinge. Crystal System / Forms: Tetragonal System. Hardness: 6 - 6.5. Specific Gravity: 4.20. Cleavage / Fracture: Distinct. Luster: Vitreous. Refractive Index / Birefringence: 2.616 - 2.903 / 0.287. Pleochroism: Weak. Dispersion: 0.290 (high fire). Magnification: Generally clean, strong doubling giving a hazy appearance, dispersive fire. U.V. Fluorescence: Inert. Spectrum: Not diagnostic. Cause of Color: As per dopant used. Treatment (Enhancement): Dark colored boules of synthetic rutile are heated to give the light yellow color. Natural rutile is generally brown in color which is heated to give yellow color. Specific Tests: Very high doubling and dispersive fire. Synthesis: Flame Fusion Method Geological Occurrence: Natural rutile as inclusions in quartz, tourmaline and corundum. Cuts & Uses: Facetted cuts, etc. USES Synthetic rutile is the preferred feedstocks for production of titanium tetrachloride which is used for sponge and metal production. Because it is relatively free of impurities, fewer wastes are generated using rutile and synthetic rutile to produce titanium tetrachloride and titanium dioxide pigment than with ilmenite. Rutile is a major ore of titanium, a metal used for high tech alloys because of its light weight, high strength and resistance to corrosion. Rutile is seldom used in jewellery because of its less hardened property. Rutile has minor uses in porcelain and glass manufacture as a coloring agent and in making some steels and copper alloys. Rutile is also used as a gem, but artificial rutile produced by the flame-fusion (Verneuil) process is superior to natural crystals for gem use. The artificial material has a yellow tinge, a very high index of refraction, and high dispersion; hence it shows fire and brilliance like that of diamond. Synthetic gems can be produced in various colours by the addition of appropriate metal oxides before fusion. Synthetic rutile is used for coating welding electrodes and for manufacture of titanium tetrachloride which in turn is used in making titanium sponge. MARKET SURVEY Iluka is the world’s largest producer of synthetic rutile, accounting for approximately 66% of global production in past years. Synthetic rutile prices have risen more strongly, up by around 12%, and ilmenite prices have increased by around 8%. Indian Synthetic Rutile Plants are based on reduction roasting followed by acid leaching with or without generation of hydrochloric acid. The continuing objective of Austpac is participation in a large scale synthetic rutile plant based on India’s large, high grade heavy mineral resources. TiO2 market analysts predict an increased demand for high grade feedstock for TiO2 pigment manufacture in past years. Austpac and Ticor are therefore now examining alternatives for the initial plant that will allow a large scale facility to meet the predicted market window for synthetic rutile. CMRL (Cochin Mineral and Rutile Ltd.) is manufacturing the best quality Synthetic Rutile across the World. CMRL is India's largest manufacturer of Aqua Ferric Chloride which conforms to all major International Standards.


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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.

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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.

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• 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.

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• 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.

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• 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