What is the cost of sponge iron plant?
Sponge Iron Plant
| Capacity | 50 MT/Day | Plant and Machinery cost |
|---|---|---|
| Working Capital | 0.00 | Rate of Return (ROR) |
| Break Even Point (BEP) | 45.00 % | TCI |
| Cost of Project | 1800.00Lakhs |
Where is used sponge iron?
Sponge iron is used in the iron and steel industry as a substitute for scrap in induction and electrical arc furnaces. Over the years, the shortage of expensive melting scrap has made sponge iron a significant raw material for manufacturing high quality steel.
Why sponge iron is called so?
In this natural reduction reaction, as the iron ore is heated with carbon, it results in a pop-marked surface, hence the name “sponge iron.” The commercial process is a solid solution reduction, also called direct-reduced iron (DRI).
What is the difference between pig iron and sponge iron?
Sponge iron is a form of iron that we can produce directly from iron ore through a reduction process whereas pig iron is a form of iron that we can produce by melting iron ore along with charcoal and limestone under very high pressure.
Which is the first sponge iron plant in India?
OSIL is the first sponge iron plant in Asia, established in 1982. The plant was making profits till 2000, but faced financial problems due to mismanagement and too many employees. Currently, the plant can produce 2.5 lakh MT of sponge iron and 1 lakh MT of billet per annum and 40 MW electricity from its three units.
Is the largest producer of sponge iron?
India is the largest producer of sponge iron in the world.
Which country is the largest producer of sponge iron?
India
India is the world’s largest producer of sponge iron, most of which is produced primarily through the coal-based method of production.
Is sponge iron and pig iron is same?
What is sponge iron in English?
Definition of sponge iron : iron in porous form or containing many voids specifically : crude iron made by subjecting the oxide ore to a reducing gas without melting.
How steel is made sponge iron?
Sponge iron is not useful by itself, but can be processed to create wrought iron or steel. The sponge is removed from the furnace, called a bloomery, and repeatedly beaten with heavy hammers and folded over to remove the slag, oxidize any carbon or carbide, and weld the iron together.
What is Forest sponge iron plant?
Kothagudam. India’s forest sponge iron plant is at Kothagudam. Established in 1982, the plant was inaugurated by the then President of India Gyani Zail Singh. Said to be the first sponge plant in Asia, till the year 2000 it was running with a huge profit.
Is India the largest producer of sponge iron in the world?
(iii) Sponge Iron: India, world’s largest producer of sponge iron (2018), has a host of coal based units located in the mineral-rich states of the country. Over the years, the coal based route has emerged as a key contributor and accounted for 79% of total sponge iron production in the country.
Why India is the largest producer of sponge iron?
India has been the world’s largest manufacturer of sponge iron since the 2003 fiscal year. By manufacturing 18.679 tonnes of sponge iron, India ranked first in 2013. India is the largest producer of sponge iron in the world, much of which is manufactured mainly through the processing method of coal.
Which country is the largest producer of sponge iron in the world in 2020?
India is the world’s largest producer of sponge iron, most of which is produced primarily through the coal-based method of production.
What is sponge iron plant?
Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or coal. Many ores are suitable for direct reduction.
How is the sponge iron industry in India?
Indian Sponge Iron Industry which was started as late as in 1980’s has come a long way. Today India is the largest sponge iron producer (30 MT in FY 2018) in the world for last 16 consecutive years and contributes about 30% of the world production.
What is the capacity of the sponge iron plant?
The Hothur Group has a fully operational sponge iron plant with a capacity of 300 tons per day (3 Kilns of 100 TPD each). Commissioned in 2005, the plant today employs over 100 people and benefits from the premium quality Iron Ore supplied by the Group’s captive mines.
What is spongy iron?
Sponge iron is a metallic product produced through direct reduction of iron ore in the solid state. It is a substitute for scrap and is mainly used in making steel through the secondary route. The process of sponge iron
What is high quality sponge iron?
High Quality Sponge Iron, also known as Direct Reduced Iron produced from Hematite Iron Quality measured Mild Steel Billets produced by M.S. Scrap/Sponge Iron Coal washery of 200 TPH capacity based on Heavy Media Cyclone Process.