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The company has also made a record pellet production of 2.8 lakh tons in January and March 2017 which is the highest monthly productions achieved in the last 5 years.The Company is upbeat in surpassing pellet sales for the last two years, having dispatched 13.86 lakh DMT with 26 shipments which includes 16 export and 10 domestic shipments of 4.54 lakh DMT and 8.98 lakh DMT respectively.
Malay Chatterjee, Chairman-cum-Managing Director expressed confidence having run the Plant for 181 days and registering profit for the year 2016-17 and producing 14.64 lakh tons as against 1.0 lakh tons during the last year.
CMD, Chatterjee had also expressed that the Company is in the process of rejuvenation having got a Mine of 474 ha at Devadari Range in Bellary Dt. of Karnataka which is already in the process of meeting statutory compliances on its road to production.
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During the fiscal year 2016-17, its Operation and Maintenance vertical had also facilitated substantial earnings which was contributed to the bottom line with revenue generation from the projects at Donimalai and Kaliapani. Chatterjee said that in the current year, the Company will focus in its Capex utilization not only to generate profit but also to ensure its growth supporting the sustainability.