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Siddhiriddhi International Private Limited intends to establish a pelletisation project at Salarapentha, Keonjhar, Odisha. The project will entail the manufacturing of 800,000 tonnes per annum (TPA) of iron ore pellets. The estimated cost of the project is projected to be 213 Crores. The project has obtained environmental clearance from the Ministry of Environment, Forest and Climate Change. The organization has successfully procured a total of 15.378 hectares of land for the aforementioned project.
The commencement of construction is anticipated to occur in the year 2024, with a projected completion date set for 2025. The project is expected to provide approximately 300 direct employment opportunities and over 1000 indirect employment opportunities. The project is anticipated to enhance the economic conditions of the region and contribute towards fulfilling the increasing demand for iron ore pellets within the country.
Here are some key details of the pelletisation project: Project name: Siddhiriddhi International Private Limited Pelletisation Project Location: Salarapentha, Keonjhar, Odisha Production capacity: 8,00,000 TPA Project cost: 213 Crores Land area: 15.378 hectares Start of construction: 2024 Completion of construction: 2025 Direct employment: 300 people Indirect employment: 1000 peopleThe pelletisation project is a major investment in the iron and steel sector in Odisha. It is expected to boost the economy of the region and help to meet the growing demand for iron ore pellets in the country.
As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.
News by Rahul Yeligetti
