Iron Ore Mining Business for Sale in Rairangpur Orissa

A fully approved iron ore mining business is available for sale in Rairangpur, Mayurbhanj, offering an exceptional opportunity for mining companies, industrial groups, and strategic investors. The mine is currently in virgin condition and is scheduled to commence operations in September. The mining lease is valid until 2035 and covers an area of 54 hectares with an estimated 50 million metric tonnes of iron ore reserves and remaining mineral resources. The ore grade ranges from 58% Fe to 66% Fe, making it suitable for various steel and industrial applications. The project has all major statutory approvals in place, including Environmental Clearance, Forest Clearance, Approved Mining Plan, and Geological Survey Report, ensuring operational readiness. The current annual production approval is 80,000 MT, with plans to enhance production capacity to 1.5 million MT per annum within six months under the revised mining plan. The asking price is ₹585 crore for 100% equity, or ₹350 crore for a 60% stake, payable in seven installments over seven months, offering flexibility for serious investors.