Team News Riveting
Raipur, March 16
Sharda Energy and Minerals Limited (SEML), a flagship entity of Chhattisgarh-based Sharda Group, would enhance the capacity of its iron-ore pellet plant.
“We are pleased to inform that Chhattisgarh Environment Conservation Board, Raipur has granted to the Company the “Consent to Operate” the enhanced capacity of its Iron Ore Pellet Plant from existing 6,00,000 MTs p.a. to 8,00,000 MTs p.a. with immediate effect,” SEML said in a Bombay Stock Exchange (BSE) filing today.
Shares of SEML rallied 7 per cent to Rs 422.40, near its 52-week high, on the BSE on Tuesday after the company got approval for ‘consent to operate’ the enhanced capacity of iron ore pellet plant. At 1.12 pm, the stock was trading 5.21 per cent higher at Rs 416.30.
SEML is one of the first few companies in the country to produce Pellets from Iron ore Fines using Grate-Kiln technology. The technology facilitates production of superior grade feed material for DRI and Blast Furnace using ore Fines which are otherwise unusable.
After wet grinding the Fines, dewatering is done. The fine sized concentrate is mixed with binder and other additives and green balls are formed in the Disc Pelletisers. The green Pellets are preheated, dried, indurated and cooled and put in stock piles
Majority of the Pellets produced is used in houses for production of DRI. The capacity of the Pellet Plant is 0.6 million tonne per annum (MTPA) that would now be enhanced to 0.8 (MTPA).
