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SUBSIDIARY NAME

M/S Armaan Ispat & Power pvt Ltd

COUNTRY

Orissa, INDIA

SECTOR/ INDUSTRY

MINING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

July 29, 2022

ACQUISITION VALUATION

420 MILLION

TOTAL ASSET VALUATION

4.2 BILLION

MINING

M/S Armaan Ispat & Power pvt Ltd project by Mr. Chand Pasha acquired on July 29, 2022 for a Steel Plant with 700 MTPD (Seven hundred metric ton per day) production capacity to carry out business activities of the manufacturing of semi Steel Products known as Sponge iron with Permission to set up a 12 MW Thermal Power Plant in 82.00 acres.

  • Expansion of Existing 4×350 TPD of 1400 TPD spnoge iron unit with additional 1600 TPD sponge iron plant and machinery for reaching the target to achieve 3000 TPD sponge iron production per day.
  • 40 MT/Heat/1 hour × 3 UNIT CCM & LRF UNIT to produce a quantity of about 1.0 MTPA (one million ton production per annum) INGOTS, BLOOMS & BILLETS
  • 100 MW FBC based Thermal Power Plant for captive consumptions & Subsequent Exports
  • 1.00 (one million ton per annum) ASH BRICK PLANT.

SUBSIDIARY NAME

KING MICHAELS (PTY) LTD

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