The company has set up a 1.6 MMTPA Pellets project including Iron ore beneficiation facility at Kandra Chowk Road, Saraikela, Jharkhand. The beneficiation facility started operation during FY 2011 and the pellets plant commenced operations from December 2011 (as against documented COD of April 2012). The pellet plant has commissioned way ahead of its schedule. The pellets project would allow the company to utilize the iron ore fines generated from iron ore mines as also to convert available iron ore fines from market and achieve substantial value addition to the same.