Date: 1st October, 2026
Board Meeting Outcomes
This disclosure provides an update on the company's previously announced capacity expansion project. The board has achieved financial closure and received all necessary lender approvals for the new pellet plant project.
Expansion / Strategic Actions
The company is setting up a new 1.50 MnTPA Straight-Grate Pellet Plant along with new Raw Material Handling System and other associate facilities within the Company's Integrated Steel Plant Complex at Siltara, Raipur (Chhattisgarh).
Project Details:
- Existing Pellet Plant Capacity: 1.5 MnTPA
- Existing Capacity Utilization: Around 90%
- Proposed Capacity Addition: 1.50 MnTPA Straight-Grate Pellet Plant
- Project Appraised Cost: Around ₹720.00 Crores
- Construction Period: 24 months commencing from the date of first drawdown of Term Debt, which is yet to materialize
Financing Structure:
- Sanctioned Term Debt: ₹540.00 Crores
- Equity & Internal Accruals: ₹180.00 Crores
Strategic Rationale: The expansion is a crucial business undertaking for the use of captive iron ore from the company's iron ore mines.
Current Status: The company has achieved financial closure and has received approval from all existing lenders for the project.