| Iron Ore Mining | Extraction and sale of iron ore from Bagiaburu, Belkundi, Bhadrasahi mines in Odisha. | Long-standing mining leases, government backing, and established operational infrastructure. | B2B steel manufacturers and mineral exporters primarily within India. | Bagiaburu iron mine operations as key profit contributor. | 65 | 91 | Revenue through direct sales and exports of iron ore fines and lumps. | Market-linked pricing via contracts and e-auction modes. | Resumption and expansion of mining operations following environmental clearances and Supreme Court rulings. | |
| Manganese Ore Mining | Mining and sale of manganese ore mainly from company-controlled leases and through BPMEL-operated ones. | Existing lease rights though currently impacted by pending renewals and court litigations. | Steel industry and alloy manufacturers in India. | | 0 | 0 | Sales income from manganese ore deliveries to industrial consumers. | Contract-based and auction sales. | Limited due to legal challenges and pending clearances for lease operations. | |
| Sponge Iron Production | Manufacture of sponge iron primarily through joint venture East India Minerals Ltd. | Early mover advantage in sponge iron production in the region through EIML partnership. | Steel production companies (B2B). | | 0 | 0 | Sales of sponge iron, supporting domestic steel producers. | Contractual sales. | Joint venture production since 1999 with potential for expansion. | |
