SMIORE commenced ferroalloy operations in the year 1968 in its leading-edge manufacturing unit equipped with sophisticated Italian and Norwegian machinery at Vyasanakere, near Hospet, Karnataka. By the year 1980, the Company's metal & ferroalloy plant was recognized as one of the finest metallurgical plants of the country and gained prominence for supplying quality low-phosphorous pig iron to the Indian foundry industry, especially for the quality-conscious automobile industry, and also ferroalloys to SAIL and other steel plants in India and overseas.
Over the past half-a-century, the Company has further streamlined its value chain, upgraded production technologies and enhanced the capacity for producing superior-quality ferroalloys such as Ferromanganese, Silicomanganese, Pig Iron and Ferrosilicon in its furnaces.
The ferroalloy operations are powered by a captive 32 MW thermal power plant, which was set up as a strategic move to eliminate dependence on expensive and inadequate power supply from external sources. Recently, the Company has added a coke oven plant and a Waste Heat Recovery Boiler to generate clean energy at a meagre cost. These new additions make the ferroalloy operations self-reliant and allow further capacity expansion while bringing in significant cost efficiencies and safeguarding the environment.
SMIORE is now set to achieve its downstream integration goal of building an integrated steel plant and other value-added products.