About Us

We are India's largest producer and exporter of iron ore in the private sector. For over five decades we are engaged in the business of exploration, mining and processing of iron ore. In fiscal 2010, we produced 21.4 million tonnes and sold 20.5 million tonnes of iron ore. We are one of the low cost producers of iron ore in the world and are well placed to serve the growing demand of Asian countries.

Our mining operations are carried out in the States of Goa, Karnataka and Orissa in India. Iron ore from our mines at Karnataka is exported through the ports of Goa, Mangalore and Krishnapatnam while iron ore from our mines in Orissa is mainly exported through the ports of Haldia and Paradeep. Iron ore from our mines in Goa is exported through the port of Goa.

We believe that our business has high quality assets. As of 31 March 2010, we own or have the rights to reserves and resources consisting of 353 million tonnes of iron ore at an average grade of 58.0 per cent. The reserves and resources position has been independently reviewed and certified as per Joint Ore Reserve Committee (JORC) standard.

Acquisitions and Diversifications

We acquired VS Dempo & Co. Private Limited (VSD) in June 2009, which in turn, also holds 100% equity shares of Dempo Mining Corporation Private Limited and 50% equity shares of Goa Maritime Private Limited. VSD's Goa mining assets includes processing plants, barges, jetties, transhippers and loading capacities at Mormugoa port.

Over the last two decades, we diversified into the manufacturing of pig iron and metallurgical coke. We directly operate a metallurgical coke plant with an installed capacity of 280,000 TPA and, through our 88.3% owned subsidiary, Sesa Industries Limited (SIL), operate a pig iron plant with an installed capacity of 250,000 TPA. SIL manufactures pig iron through the blast furnace route. We own metallurgical coke production technology and have entered into technology licensing agreements with different licences for marketing our technology for setting up non-recovery coke oven plants across the globe.