Yes, they can reach 5000 crore turnover.
However, GPIL has mining license till 2055+. That’s a very big+ over sandur.
Sandur business plans and future turnover pales in comparison to GPIL, as GPIL plans to increase mining capacity 2x in 2 yrs and 4x in 5-6 yrs, and the mining profits will last till 2055.
The iron ore prices will take-off after 2030- when the rest of big mines will have lease expiry- including Tata steel Jamshdepur mines.
Sandur will no longer have old mining rights after that, but GPIL will be the only beneficiary in the entire listed space to have mining lease at old prices till 2055+
GPIL turnover can reach 20,000 crore in 5 years with very high margins due to this 4x capacity expansion.
| Subscribe To Our Free Newsletter |
