This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: firstname.lastname@example.org.
Wednesday, July 09, 2014
Rohit Ferro Tech set to commission pellet plant
[Editor: Manufacturer of ferro alloys Rohit Ferro-Tech Ltd is in the process of setting up an additional sub-merged arc furnace of 33 MVA and a captive power plant at its Jajpur unit in Odisha. Moreover, the cost of setting up a 600,000-tonne tonne capacity iron ore pellets manufacturing unit will be not less than Rs.400 crores. On 24 December, 2013, the Business Standard reported that, Rs.200 crore JV between RINL-MOIL in Andhra Pradesh was supposed to manufacture 50,000 tonnes of ferro alloys a year. Presently, with the total installed capacity of 300,000 mtpa, Rohit Ferro Tech Ltd has Market Cap of only Rs.133.12 Crore]
SKP Group company Rohit Ferro Tech Ltd (RFTL), a leading Ferro Alloy manufacturer , is set to commence operations at its newly set up pellet plant in May, a senior official of the company told Steel Insights.
"We are going to commission our 0.6 million tons per annum (mtpa) pellet plant in Odisha soon. It would be commissioned in May," Rohit Ferro Tech's Director Rakesh Agarwal said. The pellet plant is being set up by its group company Ankit Metal and Power Ltd (AMPL).
"With the commissioning of pellet plant our group company AMPL would be more viable because we have enough stock of fines which would be utilised for pellet making and thus our cost of production of steel will come down," Agarwal said.
AMPL is currently producing around 200,000 tons of Billets and re-rolled products at Chhatna, Jorehira in West Bengal's Bankura district.
Meanwhile, the company also plans to commission a 67 MW captive power plant at its Jajpur plant in Odisha within next few months, Agarwal said. "The construction work for the captive power plant is going on in full steam and (the plant) is expected to be commissioned soon," he said.
The SKP Group is promoted by S K Patni, a well-known figure in Ferro Alloys and steel industry. The group has achieved success in diverse aspects of business - manufacturing, trading, import and export. It is one of the largest merchant producers of High Carbon Ferro Chrome, Silico Manganese, Ferro Manganese & Ferro Silicon in India and exports 70% of Ferro Alloys manufactured to various countries across the world.
RFTL started its journey in 2003 with a meagre capacity of 24,000 mtpa from its 2 nos. of 9 MVA furnaces in Bishnupur, West Bengal. Then with its continuous expansion every year, the same plant now has 5 nos. of 9 MVA furnaces with a total capacity of 90,000 mtpa.
In 2006, RFTL expanded its footsteps into the state of Odisha by installing an 110,000 mtpa manufacturing unit with 4 nos. 16.5 MVA furnaces at Kalinganagar Industrial Complex in Jajpur to manufacture bulk ferro alloys.
Recently, the company added another feather to its cap by fully commissioning its Manganese alloys production facility of 100,000 mtpa with 6 nos. 9 MVA furnaces in Haldia, West Bengal. The unit has got the status of being a 100% export oriented unit (EOU).
Presently, with the total installed capacity of 300,000 mtpa, RFTL exports nearly 70% of its production.