Tata Steel Mining Wet Leases Nava Bharat Ferrochrome Plant
Ferro alloys manufacturer Nava Bharat Ventures has entered into a conversion agreement with Tata Steel Mining, wholly-owned subsidiary of Tata Steel, with which similar arrangement subsisted, for conversion of high carbon ferro chrome. The duration of the conversion agreement with TSML is from December 1, 2020, to March 31, 2025. The agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 tonnes of high carbon ferro chrome per annum.
Nava Bharat’s ferrochrome plant is in Kharagprasad in Dhenkanal District of Odisha with 2 smelters of22.5 MVA for nameplate capacity og 75,000 tonnes per annum. Nava Bharat also has a manganese alloys plant in Paloncha in Bhadradri-Kothagudem District of Telangana with rated capacity of 125,000 tonnes per annum