In the year 1995, the then Hon’ble Chief Minister of Orissa, Late Shri. Biju Patnaik encouraged us whole heartedly with active support by Shri. Pyari Mohan Mohapatra, IAS, to set-up this risk-taking venture Sponge Iron Plant in Orissa. Accordingly with their benevolent and honest co-operation from the Govt.’s level, it has come up in a remote area i.e. Village Kumakela under Bonai Sub-Division in Dist. Sundargarh, Orissa, with a very low capital investment & financial support jointly by IPICOL & OSFC.

The State has been earning a very good amount of its revenue through Sponge Iron plants as at present approx. 70 coal-based units are running successfully in the country, after the success of REXON. Over and above the benefits like 90% employment, Commercial growth, Periphery development etc. are being extended to the local people. more.....