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Profitable Iron Ore Mining Company for Sale in Jharkhand, India

Steel Ingot and Pig Iron Manufacturing Unit with captive Iron & Manganese Ore Mines Is Available For An Outright Sale.
This transaction has concluded.

Established 20-30 year(s)
Employees < 2
Legal Entity Public Limited Company
Reported Sales INR 6 crore
Run Rate Sales Nil
EBITDA Margin 57 %
Industries Iron Ore Mining + 1 more
Locations  Jharkhand
Local Time 3:24 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Moderately Active
Overall Rating
Full Sale
Asking Price: INR 54 crore (Native Currency: INR 537,500,000)
Reason: The Plant is closed since 2010 due to paucity of funds, so the owners have decided to sell off the u... View More
Includes physical assets worth INR 7 crore
Interested to connect with advisors
Business Overview
The company has not been operational since 2010. The Revenue mentioned is for the year 2010.

The factory is situated approximately 500 meters from the Main Road, Giridih, Jharkhand. The unit is situated on 13 Acres private land with govt. approved and allotted captive 356.18 Acre Iron Ore/Manganese Ore Mines at Bokna, West Singbhum, Jharkhand. Mining Lease approved by the State & Central Govt till 2025, Local Mining permit and Env./Forest Clearance not applied for. All other nearby mines are being actively mined around the area by the likes of Usha Martin, Rungta etc. Total inferred deposit of Iron Ore: 78 Lakh M.T. and Manganese Ore: 12 Lakh M.T. respectively of all grades.

There is a debt of 30 Crore in the books of the Company. Once the deal is finalized in person and full payment is done, the company will be transferred to the new owners liability free.
Products & Services Overview
Production capacity:
100 MT/Day : Pig Iron
200 MT/Day: Ingot
Facilities Overview
The plant is built upon 4 Acres out of 13 Acres.

DETAILS OF INSTALLED PLANT/EQUIPMENT:
A. Land Area of approx 13.00 Acre with well Compound wall where the following plant Installed:-
1. Mini Blast Furnace - One - 23 Cu.M Each - 50 TPD
2. Mini Blast Furnace - One - 23 Cu.M Each - 50 TPD
Both Mini Blast Furnace having well equipped Pollution Control Device as per norms of the Pollution Control Rules & Regulations.
3. 4 M.T. Induction Furnace - One
4. 6 M.T. Induction Furnace - One
5. 8 M.T. Induction Furnace - One
All the Induction furnace having well equipped Pollution Control Device as per Pollution Control Rules & Regulations.
6. Four EOT Crane for three Induction Furnaces.
7. One Big Water Tank having capacity of 1.00 Lac Liter.
8. SHED & BUILDING:-
i. Large Shed Area of Induction Furnace 240’ X 60’ X 54’ Height with EOT Crane Facility ii. Raw material Shed of Induction Furnace 120’ X 90’ X 50’ Height
iii. Raw Material Shed for Mini Blast Furnace approx 4000 sft.
iv. Shed for D.G. Room, Panel Room, Blower etc 120’ X 70’ X 50’ Height
v. Single Storage Plant Administrative Building of 130’ X 36’
vi. Double Storage Office Building 123’ X 45’
vii. Weigh Bridge Having Capacity of 80 M.T.
viii. Own water supply arrangement for all the Plants by Three Boring and One Well of 25’ X 50’
ix. Double Storage Labour Quarter of 189’ X 15’
9. Two D.G. Set One of 500 KVA for power supply of Both Mini Blast Furnace and Second of 75 KVA
for Induction Furnace and Office.
10. Engine of 300 HP for running of Blower for Both Mini Blast Furnace
11. Captive Iron Ore Mines:- 356 Acre at Bokana, West Singhbhum - Approved and Allotted by State & Central Govt. (Total inferred deposits of Iron & Manganese seems to be 7.8x106 MT and 1.2x106 MT respectively of all grades).
Capitalization Overview
Not Disclosed
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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