SAIL registers record iron ore production
SAIL's Raw Material Division has completed calendar 2006 with record iron ore production.
Individually, iron ore mines at Kiriburu in Jharkhand and Bolani in Keonjhar, Orissa achieved best ever production of 3.90 mt and 3.56 mt respectively during the year, striking a growth rate of 4.39% and 4.58% over 2005. With a commendable production record, Barsua iron ore mine in Sundergarh, Orissa notched up a growth of 12.17% in 2006 over the previous year.
In December 2006, most of the RMD mines recorded the highest ever monthly production. While Barsua mines have recorded a growth of 17.6%, Kiriburu and Bolani mines registered a growth of 9.9% and 7.3% .
With improvement in RMD’s performance, SAIL has stepped up efforts relating to peripheral development in and around its captive mines. This includes the villages suurounding its prized Chiria mines which is estimated to contain some 2.5 billion tonnes of high quality iron ore reserves.
In December, solar street lights were installed at a cost of Rs 3.5 lakh in Ankua, RonoAnkua, Mundatoi and Bemabara, some of the villages surrounding Chiria iron ore mines. As part of corporate social responsibility, medical camps are being organised in the villages at regular intervals.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.