M/S Bravo Sponge Iron Pvt. Ltd. 41A, A.J.C

for Proposed Expansion of the Steel Plant by installation of Pellet Plant with Grinding Facility (2x0.85 MTPA), Sponge Iron Plant (1x350 TPD Kiln), Induction Furnaces (3x25T), Capacity revision from approved 600 TPD to 1000 TPD Rolling Mill along with 7 MW capacity Captive Power Plant and Producer Gas Plant (12x 4000 Nm3/hr) At Village Mahuda, P.O. Rukni, P.S: Para, District: Purulia, West Bengal Project Proponent M/s Bravo Sponge Iron Pvt. Ltd. 41A, A.J.C. Bose Road, Diamond Prestige Building, 8th Floor, Room No. 801, Kolkata - 700017, West Bengal Bravo Sponge Iron Pvt. Ltd. CONTENTS Project Feasibility Report for Expansion project CONTENTS Chapter no Description Pages 01 Introduction 02 02 Industry Scenario 03 03 Site Location 05 Major Plant Facilities 1.7 MTPA Iron Ore Pellet Plant with grinding Unit 48000 Nm3/hr Producer Gas Plant 04 350 TPD Sponge Iron Plant 13 7 MW of Power Plant on WHRB of 350 TPD Kiln Revision from 600TPD to 1000 TPD Rolling Mill. Material Balance 05 Raw materials Requirement and its source 01 Infrastructure and Resources Availability of Land 06 Availability of Power 05 Availability of Water Transport Link Environmental Aspects Air Pollution Control Water Pollution Control Solid Waste Management 07 04 Noise Pollution Control Fire Protection System Green Belt Development Rain water Harvesting 08 Manpower Requirement 01 09 Project Period 01 10 Project Cost and Commercial Evaluations 01 11 Conclusion 01 Bravo Sponge Iron Pvt. Ltd. Chapter Project Feasibility Report for Expansion project 01 Introduction Bravo Sponge Iron Private Limited (BSIPL), a private limited company was originally incorporated on 14th February 1997 vide Company Incorporation Number U27106WB1997PTC082921 with the Registrar of Companies, West Bengal. BSIPL started manufacturing sponge iron in the year of 2003 under the management of Bhalotia Group, Jamshedpur. In June 2015, it has been taken over by Shakambhari Ispat Group who is having a vast experience in the line of steel manufacturing. The Admin and Correspondence office is at “Diamond Prestige”, 41A, AJC Bose Road, 8th Floor, Room no – 801, Kolkatta-700017. Whereas site is located at vill- Mahuda, PO- Rukuni, PS- Para, Raghunathpur of Purulia district in West Bengal- 723145, having Latitude: 230 32‘ 52” N & Longitude: 860 32‘ 49” E. The present plant configuration of BSIPL is as follows As per EC letter from MoEF&CC dated 18.04.2017 SL Particulars of Plant under operations Balance to be Final facilities implemented Configuration 1 Sponge Iron Plant 395 TPD 395 TPD (1x95 + 1x100 + 2x100 TPD) 2 SMS 2 x 15 T 2 x 15 T 600 TPD (Induction Furnace) 3 Rolling Mill - 600 TPD 600 TPD 3 Power Plant 10 MW 8 MW 18 MW (4x10TPH WHRB + (1X20 TPH 1 x 20TPH AFBC) AFBC + *Balance 12 TPH Steam from existing AFBC) Bravo Sponge Iron Pvt. Ltd. is planning for expansion project in their existing unit with following proposed unit. The Plant configuration for proposed unit is given as below: SL Particulars of facilities Capacity 1 Pellet Plant (2 X 0.85 MTPA) with grinding Facilities 5600 TPD 2 Producer Gas Plant(12X 4000 Nm3 /hr) Coal Base 48000 Nm3/hr 3 Sponge Iron Division (1 X 350 TPD) 350 TPD 4 SMS through Induction Furnace with CCM (3 x 25 T) 750 TPD 5 Rolling Mill (Revision from 600 TPD to 1000 TPD) 1000 TPD 6 Power Plant (WHRB based, utilizing waste heat from 350TPD DRI) 7 MW 1 | of P a g e 2 Bravo Sponge Iron Pvt. Ltd. Chapter Project Feasibility Report for Expansion project 01 Salient Features of the project The company has acquired 78.37 acres of land, out of which the existing plant is installed on around 40 acres of land and the proposed expansion project shall be implemented on balance land which is sufficient for installation of proposed project along with 33% Green Belt. The project cost is estimated to be ₹ 475 Crores. The project site is well connected by road and rail. The National Highway NH-2 is about 32 Km away from the existing site. The nearest railway station is Rukni which is less than 1 km away from the site. Asansol & Purulia are the nearest cities where market facilities are available Existing set up engages approx. 670 manpower and further additional 1000 manpower shall be sufficient for proposed expansion project. Since the proposed site is located in close proximity of the industrial sectors, like Durgapur, Bokaro, Jamshedpur, Dhanbad & Asansol etc, availability of skilled labour will not pose any problem. Apart from the above direct employment, Indirect Labourers will be required which is easily available in Purulia and Asansol area The project will require 1416 m3/ day which will be drawn from Kargoli point which is 13 Km away from the plant site. Apart from proposed project, existing units, units under implementation and unit to be implemented requires 868 m3/ day. Necessary arrangement has been made for 0.55 MGD of water (2500 m3/ day ) with DVRRC. Proposed Project along with existing running unit and units which are under implementation and units to be implemented required approx. 67.5 MW power. Taking captive power generation of 25 MW, only 42.5 MW will be purchased from DVC. 2 | of P a g e 2 Bravo Sponge Iron Pvt. Ltd. Chapter Project Feasibility Report for Expansion project 02 2.0 INDUSTRY SCEANARIO 2.1 IMPORTANCE OF THE PROJECT TO THE COUNTRY AND REGION: All the products proposed to be manufactured have high market demand. Iron & Steel is a basic commodity for all industrial activity and its consumption marks industrial prosperity. The Iron & steel industry has tremendous forward and backward linkages in terms of material flow, income and employment generation. Iron & Steel is a core industry and thus its demand is strongly linked to the overall economic activity of the nation. Given the inherent long-term potential of the Indian economy and its cyclical nature, the long- term prospects of the steel industry are fairly comfortable. The demand and production has been growing at a healthy rate for the last few years and the forecast for the next decade and half is also very promising. As reported by Indian Brand Equity Foundation, India’s finished steel consumption grew at a CAGR of 5.69 percent during FY08-FY18 to reach 90.68 million tonnes (MT). India’s crude steel and finished steel production increased to 102.34 MT and 104.98 MT in 2017- 18, respectively. In 2017-18, the country’s finished steel exports increased 17 per cent year-on-year to 9.62 MT, as compared to 8.24 MT in 2016-17. Exports and imports of finished steel stood at 0.99 MT and 1.22 MT, during Apr-May 2018. DEMAND SUPPLY GAP: On a conservative estimate, the steel demand in India is expected to touch around 150 MTPA by 2020. Steel supply is, however, expected to reach only around 145 MTPA by same time. World Steel Association has projected Indian steel demand to grow by 5.7% in 2017 while globally steel demand has been projected to grow by 0.5% in 2017 The National Steel Policy 2017 has been formulated keeping in mind the rapid developments in the domestic steel industry (both on the supply and demand sides) as well as the stable growth of the Indian economy. The National Steel Policy 2017 aims to achieve 300 million tonne of steel-making capacity which will require an additional investment of Rs 10 lakh crore by 2030-31 setting a target of 160 kilograms per capita steel consumption by 2030. In comparison, per capita finished steel consumption in 2015 is placed at 208 kg for world, 489 kg for China and only 61 kg for India. As a facilitator, the Government monitors the steel market conditions and adopts fiscal and other policy measures based on its assessment. In view of rising imports, the Government had earlier raised import duty on most steel items twice, each time by 2.5% and imposed a gamut of measures including anti-dumping and safeguard duties on a host 1 | of P a g e 3 Bravo Sponge Iron Pvt. Ltd. Chapter Project Feasibility Report for Expansion project 02 of applicable iron and steel items. The liberalization of industrial policy and other initiatives taken by the Government have given a definite impetus for entry, participation and growth of the private sector in the steel industry. This had led to expansion, forward integration, diversification and modernization of existing units. The Cabinet also cleared another policy which will mandate giving preference to iron and steel products that are manufactured in India for all government tenders. At least 15 percent value has to be added to the notified steel product in India to qualify as domestic steel. There is a distinct relation between steel consumption and the GDP growth rate world over. In India, GDP is expected to remain a figure of above 7% in Current and Next Financial Years while it is expected to touch thereafter Double Digit Figures of 11-12%. This will be possible with National Focus on Large Infrastructure Development with huge Investment and India is bound to witness sustained growth in the steel requirement in the years to come. India will emerge as the Second Largest Producer of Crude Steel in near future. It is foreseen that there will be sufficient demand in local/Indian Market of Steel, TMT Bars and Rods and cement for constructional needs, Silico Manganese for Steel Making and others. M/s BISPL has drawn up a growth plan with the objective of increasing its market share in Indian steel industry.

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