https://www.engineeringnews.co.za

Indian ferrochrome plant put up for sale

20th February 2014

By: Ajoy K Das

Creamer Media Correspondent

  

Font size: - +

KOLKATA (miningweekly.com) - The provincial government of Odisha, in eastern India, has decided to divest of a ferrochrome plant operated by Idcol Ferrochrome and Alloys Limited (IFCAL) to private investors, owing to the unavailability of the required grade of chrome ore.

However, in a memorandum to the provincial government, the trade unions operating at IFCAL sought the handing over of the ferrochrome plant to either the Steel Authority of India Limited or Orissa Mining Corporation (OMC).

IFCAL is wholly owned by the Industrial Development Corporation of Orissa Limited, an industrial promotion arm of the provincial government, while OMC was the government’s mining company.

The IFCAL plant was constructed in 1969 linked to the chrome ore mines of Tailangi in the Sukinda reserves. However, the required grade of chrome from the linked mines had become unavailable, forcing IFCAL to secure supplies from merchant miners, which has proven unviable for the plant operations, forcing a shutdown of part of the capacity last year.

A third chrome ore mine had been allocated for the ferrochrome plant had not been operationalised, owing to delays in mandatory clearances and rehabilitation of local population.

The plant had an installed capacity of 19 000 t of high carbon ferrochrome.

Edited by Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.144 0.201s - 156pq - 2rq
Subscribe Now