After 9 yrs, Mandovi Pellets to restart, likely to create 400 jobs
PANAJI: After nine years, the Chowgule Group has decided to restart Mandovi Pellets which could lead to creation of 400 jobs in Goa. The plant was revamped through a modernisation drive. The group plans to start ops with confirmed orders of 1.5 million tonnes.
Mandovi Pellets plans to supply blast furnace grade and direct reduction grade pellets to western Europe, South Asia and Gulf countries in addition to gas-based sponge iron plants in India.
Mandovi Pellets had halted operations in 2012 after a mining ban was imposed in Goa and Karnataka. We used to source iron ore fines from Chowgule’s own mines, but this time around will be sourcing raw material from Karnataka, Odisha and Chhattisgarh, a Company official said.
“The restart of operations strengthens our group’s renewed focus on the mining and resources vertical where we hope to grow by leaps and bounds, “ said Chowgule Group chairperson and MD Padma Chowgule said.
“We are looking at organic as well as inorganic growth across minerals and metals in an environmentally sustainable manner,”
Commissioned in 1979, Mandovi Pellets was the first pellet plant in India and the largest in Asia. Officials said that the plant has an annual capacity of 1.8 million tonnes and they are confident of utilising the full capacity in 2021-22.
The firm also plans to vaccinate all employees above 45 years by April end and those above 18 by May end.
Mandovi Pellets is situated by the Zuari with its own jetty to unload iron ore fines and load the produced pellets. The pellets will be transported by barges to Mormugao Port Trust to be loaded on to ocean-going vessels for export or on railway rakes for domestic customers.