Sesa Goa Ltd (SGL) established in 1954 exports approximately five million tons of iron

ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and

west coasts of India. Later, company expanded operations by setting up a mini blast furnace and

extending its mining operations to Karnataka. Sesa Kembla Coke Company (SKCC), engaged in

manufacturing metallurgical coke, became a 100 per cent subsidiary of Sesa goa in FY98. During

FY99, A. Narrain Mines became a wholly owned subsidiary of company. The company has a

long-term objective of expanding its iron ore mining activities outside Goa. The company will also

increase exports and achieve growth through the development of new mine. The company wants

its engineering division and the river fleet, shipping and shipbuilding division to focus on providing

support to the group operations. The management hopes to focus on cost reduction and better

realization per ton in the short term. SGL operates through engineering, river fleet and shipping

and shipbuilding divisions. The ore from Karnataka is exported through the ports at Goa and

Chennai, while ore from Orissa is exported through the ports of Haldia and Paradeep. Company

has a fully integrated shipping and chartering department that is capable of supplying the ore

either on an FOB or CNF basis to customers worldwide. Its shipbuilding section is focused on in-

house barge repairs and engineering support to river fleet and shipping operations. Company is

an associate of the Japan-based Mitsui Group.

Products & Services-

Sesa Goa Limited, the flagship company of Sesa Group is India's largest exporter of iron

ore in the private sector. For the past five decades, the Group has been involved in iron ore

mining, beneficiation and exports, with a group turonver of around Rs. 4900 crores. Over the last

decade, it has diversified into the manufacture of pig iron and metallurgucal coke. The Group

operates a 280,000 TPY metallurgical coke plant and a 250,000 TPY pig iron plant. Sesa Goa

Limited has mining operations in Goa, Karnataka and Orissa. Sesa Goa's MetCoke Division

manufactures metallurgical coke. It has 84 coke ovens with a capacity of 280,000 tonnes. Sesa

has developed an energy recovery technology to manufacture coke, compliant with advanced

global emission norms. Sesa Industries Limited manufactures pig iron. It has two blast furnaces

with a capacity of 250,000 tonnes per year, manufacturing foundry and SG grades of pig iron.

Recent development-

It acquired Goa-based Dempo group's mining assets for Rs 17.50 billion in an all-cash deal. The

deal inked with Sesa Goa includes mining leases, mining rights and related infrastructure in Goa.

Dempo group said they have signed a definitive share purchase agreement under which Sesa

Goa has acquired all the outstanding common shares of V S Dempo & Co (P).

Sesa Goa is looking to rise about Rs 5.83 billion through issue of shares to the firm's promoters

and its associates. Sesa Goa would seek shareholders approval for the proposal at its

extraordinary general meeting scheduled to be held on July 9. The company said it would issue

over 33 million shares to the company's promoters and its associates. The price of issue would

be calculated on the basis of closing price as on June 9.

SESA Goa plans to export five lakh ton of iron ore fines from Goa this monsoon. This is the first

time any mining company will be attempting to export iron ore fines from Goa during the

monsoon. The company said that this is being done on an experimental basis. During the dry

spells, they will transport iron ore fines through mooring dolphin at the port. It also said that there would be sheds covering the barges to prevent moisture from affecting the iron ore fines.