HI TECH MINERAL INDUSTRIES COVAI(P)LIMITED Background: Hi Tech Mineral Industries Covai Private Limited has been incorporated on 16th April 2003.It is a leading Integrated Steel Plant with Sponge Iron, Billets, Steel Rolling Mill and Captive Power at Salem, Tamilnadu. The Company line of business includes operation of blast furnaces and steel mills. The Major Facilities are: It is engaged in the production of TMT Bars with an installed capacity of 1 Lakh TPA of various sizes. Steel Melting & Billet (concoct) Automatic Steel Rolling Mill Captive Powe Plant (12MW) Sponge Iron (5000 Mts, per Month) The Plant is available for sale on as is basis condition. 1. Scrap value to total Plant. 2. Land value of total Plant Area. INFRASTRUCTURE Land The Company owns about 52.21 acres and has lease hold right on 8 acres of land in Kottagoundenpatti, Salem District (60 acres) which is considered adequate for existing operations and also for the future expansion. Buildings and Civil Works The existing building and civil work are estimated at 3,49,486 sq. Ft. consisting of administrative office, weight bridge, production, stores & workshops, lab, office canteen, control rooms, gen set rooms, compressor room, machine room, pump house, stock yard iron ore, car parking, security, temple, SMS 1, rolling mill & stores, SMS 2, labour quarters, covered coal stock yard, concrete bunkers and power plant. Plant and Machinery The Company has installed plant and machinery for manufacturing of 60,000 TPA of Sponge Iron, 82,000 TPA of Steel billets 1,32,000 TPA of TMT bars and 12MW captive power plant.