Monnet Ispat (MISP) operates a 0.86mtpa sponge iron plant, a 0.3mtpa steel plant, and a 230MW captive power plant in the mineral-rich state of Chhattisgarh. Its 0.5mtpa sponge iron and 90MW captive power plant is strategically located close to its coal mines in Raigarh. Though it has a small steel making capacity in Raipur, MISP generates most of its earnings from the production of sponge iron and sales of surplus power from its captive power plant. It sells 90-100MW of surplus power on a merchant basis. Its sponge iron margins are superior due to the benefit of captive coal mines.
Key investment arguments
Monnet is setting up a 1.5mtpa integrated steel project at Raigarh, with a capex of INR38b, which includes a 0.61mtpa blast furnace, a 2mtpa pellet plant and a 0.4mtpa coke oven plant. Most modules are expected to be commissioned by Oct-2012.
Monnet is setting up a 1.5mtpa integrated steel project at Raigarh, with a capex of INR38b, which includes a 0.61mtpa blast furnace, a 2mtpa pellet plant and a 0.4mtpa coke oven plant. Most modules are expected to be commissioned by Oct-2012.
MISP is venturing into power generation by setting up a 1,050MW power project near its coal block in Orissa. It further plant to expand capacity to 1,710MW with addition of 660MW unit. 1050MW capacity is
expected to be commissioned in 2HFY14.
expected to be commissioned in 2HFY14.
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This is nice and fair blog.DANIELI is among the three largest suppliers of Plants and Equipments to the metal Industry in the World. Leaders in minimills, long product casting and rolling plants and front runners in flat product and Iron ore Sectors.Integrated Steel making plants
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