The Road Ahead

Always on the move, but never in a rush. Always growing, but never in a haphazard fashion. Monnet has grown and diversified, but never wavered from its core strength of steel making. After successfully implementing its Sponge iron, Steel and Power projects at Raipur and Raigarh, the company is giving shape to its expansion plans in Angul.

The IPP of 1050 MW and the coal washery of 5 MTPA at Angul in addition to the coal mining projects of Utkal B2 and Mandakini with a projected coal production of 3.5 MTPA and 15 MTPA (out of which Monnet’s share- 5 MTPA) is going to strengthen the position of the company in mining, energy and power sector.

MONNET GROUP is going to utilize its strength, gathered in course of design, construction and operation of its mining projects and coal washeries, by launching a world class coal consulting division.The world of Monnet never closes its doors to change, challenges and opportunities. Driven by its passion to do things differently, Monnet has proved that there’s a different mettle to its metal!

Monnet Group has embarked upon a major investment program in the short term. More than US $ 1.5 billion worth of investments have been lined up in various business segments. Briefly the investment plan envisages the following:-

Steel Plant expansion at Raigarh, Chattisgarh	USD 555 million
Thermal Power Plant at Angul in Orissa, 1050MW	USD 855 million
Coal Washery at Talcher, Orissa	USD 10 million
Open cast mining in Orissa &Chatisgarh	USD 102 million
Cement Plant at Raipur	USD 180 million
Total Investments	USD 1,702 million

The projects are being undertaken by the Project Division of the Monnet Group with a majority of equipment orders for the steel plant and the power plant having been placed.