Iron Ore Mining & Processing Unit Raising Funds In Ballari
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About Business
Iron Ore Mining and Processing Opportunity
The opportunity involves an iron ore mine with existing mining rights. The mine has an annual capacity of 1.8 lakh tons, which will be processed at a leased iron ore processing plant. The focus is on mining and ore processing, with potential to increase production capacity in the future.
Land and Lease
The founder owns a land parcel of approximately 1,150 acres. The mining lease is valid until 2067, providing long-term rights to extract iron ore. The mine holds the required license, with minor pending approvals from the forest department expected to be resolved shortly.
Operational Plan
Once funding is secured, mining operations can begin within six months. The extracted iron ore will be processed at a leased processing plant, enabling operations without immediate investment in a full-scale facility.
Capacity and Expansion
The mine production will be 1.8 lakh tons per annum, with scope to increase capacity over time to meet growing demand for processed iron ore.
Ownership Background
The founder previously operated a steel-related business, which is now under liquidation and slated for delisting. The mine and land remain under the founder’s ownership and are included in this opportunity.
Transaction Opportunity
Investors can acquire the rights to operate the mine and set up an iron ore processing operation, starting with leased facilities and scaling production as needed.
Clientele type
The primary clients would be the steel manufacturers, iron foundries, cement companies, and industrial buyers of processed iron ore.
Premises
The mining area spans 100 acres with a lease valid for 50 years.
Asking Price Includes
The terms will be discussed with the potential investors.
Reason
Funding is required to initiate operations, as the business is in its startup phase.
More Details
The founder has been operating in the steel industry for the past five decades and is well-established in Southern India.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
Supported by Advisors with 26+ Years of Experience
