The company started its business with the manufacture of Sponge Iron. Thereafter the company’s endeavor has been to integrate the business and expand across the country. The company has its own generating power plants, own coal mines and iron ore mines which sum up to low cost of production, accompanied by assured quality and quantity of the raw input.

  • Sponge Iron:. The quest started in the year 1994 when the company implemented its first 1 Lac TPA sponge iron plant in Raipur, Chhattisgarh. Thereafter there was no looking back and now the company is producing 3 Lac TPA sponge iron in Raipur itself.

    The company is now setting up a sponge iron unit of 4.40 lacs TPA in Raigarh, in the state of Chhatisgarh and a similar unit in Hazaribagh in the state of Jharkhand.
  • Steel: The company has further integrated its operations by manufacturing Mild Steel and Alloy Steel in the form of billets and rods. The company is having a total manufacturing capacity of 3,00,000 TPA of Mild Steel and Alloy Steel.  At Raigarh, MIEL has targeted production 1.8 million tonne  steel comprising of Structural Steel, Plates, TMT Bars.

  • Ferro Alloys: The company with its in-house team at Raipur has set up an Ferro Alloy Plant at Raipur in the state of Chhattisgarh with an annual capacity of 60,000 tonnes with four submerged arc furnaces.  Power is generated by the group company itself which assures quality power at a very low cost. Moreover, Raipur is also having locational advantage as it is very near to the source of raw material as well as finished product market i.e. SAIL.

  • Power Generation: Monnet Power Company Ltd. was incorporated to generate and supply power to its group companies. The company is generating 45 MW at Raipur, Chhattisgarh for captive consumption. At Raigarh Power generation has been planned in two phases 90 MW & 70 MW.

  • Coal Mining: The Company in order to establish backward integration of its manufacturing facilities ventured in the field of Coal Mining. The details of the coal projects undertaken are as under:

  • Raigarh Underground Coal Mining Project.:  Monnet Ispat & Energy Ltd., is the first private company to go in for underground coal mining project in Gare Palma IV/5 coal sub-block in Raigarh District the State of Chhattisgarh. The sub-block is having a proven reserves 86 million tonnes. The mine is being developed with state-of-art mining technology and the operations have been planned in total compliance with environment, health and safety regulations.

  • Utkal B-2 Open-Cast Coal Mine.: The company has been allotted with another open-cast coal block in Utkal B-2 in Angul district in the state of Orissa. The block is having proven reserves of 110 million tonnes. The company envisages to mine 2.2 million tonnes of coal per annum for captive consumption. The Mining Plan has already been approved and the lease agreement is to be signed shortly.

  • Iron Ore Mining:  In addition the above the company is in the process of acquiring additional leases/mines of iron ore in the state of Jharkhand and Orissa for captive consumption. Large production capacities are envisaged in near future at the above locations.

    Thus the company has integrated its business from mining to the production of steel along with captive power generation, which makes it one of the cheapest producers of steel.
  • Coal Washery on Build-Own-Operate Basis for Punjab State Electricity Board.:  Monnet is the first Company to have been awarded with the work to set up a Coal Beneficiation Plant for any State Electricity Board. The washery is coming up in North Karanpura region of CCL command area in the state of Jharkhand. The through put capacity of the plant is 4.2 million tonnes per annum.. The Daniels Company is the technical collaborator for this plant.

  • Coal Washery for Karnataka Power Corporation Ltd.: AP Coal Washeries Pvt. Ltd a group company of Monnet is supplying washed coal to Karnataka Power Corporation Ltd. (KPCL). The washery is in Ramagundam in SCCL command area in the state of Andhra Pradesh.

International Projects:
Monnet has stepped out of the borders of Indian Territory to chart out global growth path & acquired coal assets in Indonesia through its 100% overseas subsidiary company Monnet Global Limited.

Monnet’s Helping HandMONNET FOUNDATIONSocial Responsibility
Monnet Foundation is a registered Trust set up by Monnet Ispat and Energy Limited. The Trust aims to create a spectrum of opportunities in partnership with communities, individuals and organizations through its programs on education, health, livelihoods and rural infrastructure development. Currently, it is supporting interventions in the State of Chattisgarh and Delhi on early childhood learning, primary education, life skills, vocational training, sexual and reproductive health of women and adolescents and safe drinking water for rural communities. 

Monnet Foundation also supports programs for working children (Khoj, Delhi), Mentally Challanged Children (Sahan).

 

Our Vision

To achieve holistic leadership in terms of cost, quality and customer satisfaction in a systematic & planned manner.

A symbol of corporate excellance with strong focus for benefiting stakeholders and society at large.

Our Mission

To achieve total integration in operations with global cost & quality standards with the use of latest technology and to be perceived as the “preferred choice of our customers.”

To build a team of motivated and dedicated workforce, with high work ethos.

To strive to emerge as an ideal corporate citizen.


Executive Vice Chairman & Managing Director’s Message

“When you combine a culture of discipline with an ethic of entrepreneurship, you get a magical alchemy of great results.”

Excellance is a moving target. One achievement leads to the other-one project is the blueprint for the next. At MONNET, we consider a secure present to be the fuel for a successful future. And we are revving up for Destination Next.

What are the ingredients of our mettle? Step-by-step planned growth. Unwavering focus on steel making.
Belief in the strength of forward and backward integration. And most of all, a vision of tomorrow.

Integrated. Improvising. Innovative.

Monnet Ispat & Energy Limited is a concrete example of what foresight, planning and conviction can do. One of the largest coal-based sponge iron producers in India, Monnet has emerged as an integrated Sponge Iron major with captive resources of coal and captive power.

Establishing. Consolidating. Expanding.

Monnet has its manufacturing facilities in both Raipur and Raipur. While the plant in Raipur has been performing impressively right since inception, the company’s initiatives at Raigarh are yielding rich dividends as well. The 5 lac TPA Sponge Iron Plant and the 90 MW Power Plant are onstream. Monnet will realize the business of plate and structural steel as soon as its under progess 1.2 MT steel plant becomes operational in the coming fiscal year.

The Rs. 4200 crore, 1050 MW Power Plant being setup at Angul, Orissa under the banner of Monnet Power company Limited, a subsidiary of MIEL, is progressing as per schedule.

Passion. Performance. Profits.

Every step ahead at Monnet is backed by rational thinking and strategic planning. Maintaining control over raw material resources has always been a priority. Captive power plants having total installed capacity of 150 MW will ensure uninterrupted power. MONNET has acquired coal mines in Orissa to ensure smooth and cost competitive supply of coal to its sponge iron plants. This has enabled the company to capture a major portion of the value chain in mining and power.

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