SMO Ferro Alloys Private Limited, a prominent subsidiary of SMO Industries, has made a major breakthrough by securing Basemetal and Associated Mineralization Composite Licenses through successful e-auctions conducted by the Directorate of Mines and Geology Regulatory (DMGR). This new venture marks a strategic expansion of SMO Ferro Alloys into the base metal mining sector, significantly broadening its operational capabilities.

Key Highlights:

• The venture was inaugurated with the virtual foundation laying ceremony, led by Honorable Chief Minister Dr. Mohan Yadav, highlighting the government’s commitment to fostering industrial growth and generating employment.
• The event was graced by key dignitaries, including Su. Shree. Nirmala Bhuriya, Women and Child Development Minister, and Shree Guman Singh Damore, MP, further emphasizing the region’s industrial and economic development goals.
• SMO Ferro Alloys Pvt. Ltd.’s leadership team, comprising Managing Director Sayyed Akhtar Ali and directors Sayyed Mohabbat Ali, Sayyed Owais Ali, and Sayyed Murtuza Ali, were recognized for their visionary approach to industrial growth and job creation.

Expansion Plans and Job Creation:

• SMO Ferro Alloys is launching a new unit in the Meghnagar Industrial Area, District Jhabua, with an investment of Rs. 415 crore, expected to create 200 direct jobs.
• Additionally, the company’s venture in Shivgardh, Tehsil Sailana, with an investment of Rs. 200 crore, will generate employment for over 150 individuals, strengthening the region’s economic base.

For more information, visit: SMO Ferro Alloys Base Metal Mining