Balasore Alloys (BAL) commissioned SRK to undertake a feasibility study and prepare a Detailed Project Report (DPR) for its underground chromite properties in Odisha. SRK initiated the project in 2012 with a strategic analysis of the Kaliapani mine then guided an extensive program to generate new exploration data for the feasibility study. The underground mine will be situated below an existing open pit; a DPR was recently submitted. Since then, BAL has undertaken detailed engineering through a design institute in China. Simultaneously, SRK initiated the feasibility study for BAL’s other leasehold south of Kaliapani. SRK continues to review the detailed engineering work.
