Another year of award
Its actually sad that a company with such a good track record had to go through so much of pain, long process and time to get approval. Anyways, hopefully it should be just a matter of time now that they get all the approvals and can ramp up the huge mining potential. They have recently got the approval for manganese ore and hopefully final clearances for iron ore should also come in.
Add to this, there are lots of other expansions too going on – 1. Ferro alloy capacity will double over next 3 months 2. Beneficiation and pellet capacity will be put up over the next 1 year to improve ore quality and move up the value chain 3. DI capacity over next 2-3 years (though people worry about this but based on industry feedback, there is a huge demand in coming years as the govt is spending more on water infra) @tpatel – thanks for sharing about this hiring…shows the intent of the company to hire good talent and yes, they should get benefit of having all the RM inhouse.
Ayush
Disc: Invested in family and client acs
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