Iron Ore Mining (E.O.U) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue
PROJECT DESCRIPTION
An ‘Ore’ may be defined as the aggregate of minerals from which a desired constituent mineral can be extracted with profit. The most used of all metals “Iron” is believed to be the ninth most abundant element in the Universe. The tough stuff “Iron” makes up the earth’s core and is considered to be the base of civilization. The concentration of iron in the structure of the earth ranges from almost 80% in the inner core to about 5% in the outer crust. Iron is not found in the free elemental state.
Iron is the cheapest and most widely used metal. Its annual production exceeds by far that of all other metals combined. It comprises approximately 93% of the tonnage of all the metals used.
Iron makes 5% of the earth’s crust, and is not found in its elementary form, but in the form of chemical compounds with other elements in hundreds of minerals of importance. It is the most wanted ferrous metal having wide application in several industries. Iron plays a vital role in development of any country. Iron and its alloys specially steel are mainly used in civil and engineering industries without which the entire mankind could not have come to the modern age of high quality living.
Iron ore is used mainly for making pig iron, sponge iron and steel. Iron and steel together form the largest manufactured products in the world and each of them enters into each branch of industry and is a necessary factor in every phase of our modern civilization. The Global Iron Ore Mining industry's financial performance has been highly volatile over the past five years. Thus, due to demand it is a good project for entrepreneurs to invest.
Few Indian Major Players are as under
• A Narrain Mines Ltd.
• B G H Exim Ltd.
• Chowgule & Co. (Salt) Ltd.
• Concast Steel & Power Ltd.
• East India Minerals Ltd.
• Electrosteel Castings Ltd.
• Essel Mining & Inds. Ltd.
• Femnor Mineral (India) Ltd.
• Frontline Corporation Ltd.
• Gimpex Ltd.
• Godawari Power & Ispat Ltd.
• Grace Industries Ltd.
• H L L Lifecare Ltd.
• I B C Ltd.
• Indian Potash Ltd.
• Jain Granites & Projects India Ltd.
• K I O C L Ltd.
• Kalyani Steels Ltd.
• Kohinoor Steel Pvt. Ltd.
• M G M Minerals Ltd.
• M M T C Ltd.
• M S P L Ltd.
• M S P Steel & Power Ltd.
• Maharashtra State Mining Corpn. Ltd.
• Mangal Steel Enterprises Ltd.
• Mark Steels Ltd.
• Metrochem Industries Ltd. [Merged]
• Metroglobal Ltd.
• Monnet Ispat & Energy Ltd.
• Mysore Minerals Ltd.
• Mysore Sales International Ltd.
• Orissa Minerals Development Co. Ltd.
• Orissa Mining Corpn. Ltd.
• Rameshwara Jute Mills Ltd.
• S P S Metal Cast & Alloys Ltd.
• S T C L Ltd.
• Sandur Manganese & Iron Ores Ltd.
• Sanjana Cryogenic Storages Ltd.
• Sesa Mining Corpn. Ltd.
• Shri Ramrupai Balaji Steels Ltd. [Merged]
• Soneko India Ltd.
• Trimex Industries Ltd.
• Umil Share & Stock Broking Services Ltd.
• Usha Ispat Ltd.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| Iron Ore: 800 MT/Day |
Rs 779 Lakhs |
- |
2485 |
Cost of Project: Rs 2485 Lakhs |
28.00 |
43.00 |
