Roida Mines at Barbil allotted to MISL. This is a private mine, the products of which can be sold in the open market and is not linked to any captive consumption.
Plant is situated between iron rich belts of Daitari (30 kms) and Keonjhar (130 kms) in Orissa makes it very economical.
Proximity to Paradeep Port (120 kms) allows easy import of cooking coal and export of finished goods.
Mideast Integrated Steel Ltd. (MISL) is a 15 year old company and belongs to one of the fastest growing business groups in India, the MESCO STEEL GROUP. MISL is a 100% export oriented unit and an Indo-British joint venture in technical collaboration with a Chinese company Sino Steel Corporation.
For its marketing & financing MISL has a collaboration with the Stemcor Group U.K, currently operating a blast furnace of 0.7 million ton per annum, for production of pig iron.
MISL presently operates two 389 cubic meters Blast Furnaces (BF-1 and BF-2) with all ore burden and produces about 1200 tonnes of hot metal per day (ref: table). MISL now proposes to undertake expansion to an integrated steel plant of 3.5 MT annual capacity in Phase 1. Existing hot metal production will be utilized for conversion into continuously cast billets. In Phase 2, balance capacity creation will be targeted. The saleable products will be cast slab,
