SMO Ferro Alloys Private Limited, a key player in the mining and beneficiation sector and part of SMO Industries, has secured multiple Basemetal and Associated Mineralization Composite Licenses through forward e-auctions conducted by the Directorate of Mines and Geology Regulatory (DMGR). These licenses signify a major expansion of SMO Ferro Alloys’ operations, positioning the company to explore and potentially capitalize on significant mineral resources.

Key Highlights:

• The Honorable Chief Minister, Dr. Mohan Yadav, presided over the virtual foundation ceremony, showcasing the government’s strong support for industrial progress and job creation.
• Esteemed dignitaries, including Su. Shree. Nirmala Bhuriya, Women and Child Development Minister, and Shree Guman Singh Damore, MP, emphasized their commitment to regional development during the event.
• SMO Ferro Alloys Pvt. Ltd.’s leadership, including Managing Director Sayyed Akhtar Ali and directors Sayyed Mohabbat Ali, Sayyed Owais Ali, and Sayyed Murtuza Ali, received accolades for their contributions to industrial excellence and economic growth.

Expansion and Employment Opportunities:

• SMO Ferro Alloys Pvt. Ltd. is set to expand with a new unit worth Rs. 415 crore in Meghnagar Industrial Area, District Jhabua, creating direct employment for around 200 individuals.
• Additionally, the company’s venture in Shivgardh, Tehsil Sailana, involves an investment of Rs. 200 crore, set to generate over 150 jobs, contributing to the region’s economic prosperity.

For more details, visit: SMO Ferro Alloys Pvt. Ltd. Expansion News