Mideast Integrated Steels Limited Stock

Mideast Integrated Steels Limited is an India-based holding company, which is primarily engaged in extraction of iron ore and production of pig iron. The Company, as a part of backward integration, has sinter production facilities and a gas-based power plant. The Company's business activity primarily falls within a single business segment, which is Iron and Steel business. The Company operates two approximately 389 cubic meters blast furnaces in its plant at Kalinga Nagar, Odisha and the hot metal is cast as pig iron. Its Roida mines produce iron ore. The Roida mine has an area of approximately 104 hectares with an iron ore reserves of over 200 million tons. Its main products are iron ore fines, calibrated lump ore and pig iron.