SIL is one of India’s premium non-mining iron-ore suppliers. With year-on-year growth topping 25%, ores and minerals is our fastest growing vertical. In 2005, it ventured into chrome-ore trading, sourcing chrome from Turkey and Albania to sell to its customers in China. It has now established enduring links with its Turkish partners to achieve long-term targets of moving cargo volumes. In 2007 SIL forayed into the bauxite and Ilemenite industry, sourcing from Indian miners, consolidating the cargo and exporting in bulk to China.
SIL also manages a successful ore logistics division. The company has two railway rakes which run exclusively for its own business between the mine head and the port, allowing the movement of much large tonnages of iron-ore compared with other industry participants. This not only gives a competitive edge to the group’s pricing capability but also greater speed at which it is able to move cargo. |