SMEL commissions 1.5 million mt iron ore beneficiation plant at Odisha steel mill
2026-07-31 11:10:46 [Print]
India's Shyam Metalics and Energy Limited (SMEL) has commissioned a new iron ore beneficiation plant with an annual capacity of 1.5 million metric tonnes at its Sambaldpur steel mill in the eastern state of Odisha, according to a regulatory filing made by the company on Wednesday, July 29.
Built at an investment of $15.66 million, the plant is now fully operational and is dedicated to converting low-grade iron ore into high-grade feedstock for the company's steelmaking operations.
The primary strategic objective of the new facility is to reduce reliance on costly external raw materials. By processing low-grade ore in-house, SMEL aims to achieve substantial cost synergies and improve overall operating margins. The plant employs state-of-the-art beneficiation technology to deliver consistent, premium-quality input, which enhances yield and throughput across the company's manufacturing lines, the filing added.
Built at an investment of $15.66 million, the plant is now fully operational and is dedicated to converting low-grade iron ore into high-grade feedstock for the company's steelmaking operations.
The primary strategic objective of the new facility is to reduce reliance on costly external raw materials. By processing low-grade ore in-house, SMEL aims to achieve substantial cost synergies and improve overall operating margins. The plant employs state-of-the-art beneficiation technology to deliver consistent, premium-quality input, which enhances yield and throughput across the company's manufacturing lines, the filing added.
