Welcome to V. M. Salgaocar & Bro. Pvt. Ltd.

Major Group Companies

e are a group of companies dealing in MINING, PROCESSING & EXPORT of IRON ORE. We also purchase IRON ORE which is in tune with our export requirements.

After the passing away of our Founder Chairman late Mr. Vasudev M Salgaocar in 1984, our group of companies has been ably led by his two sons, Mr. Shivanand V Salgaocar, Managing Director and Mr. Dattaraj V Salgaocar, Managing Director.

V M Salgaocar & Brother Private Limited, our flagship company, is a leader in the Iron Ore business in Goa on the West Coast of India. It has been in the mining business for over 50 years.

The gigantic task of mining operations calls for military precision in planning the logistics. We have a planned integrated approach to our business process which encompasses surveying, extracting, processing, transporting by over 250 trucks and a fleet of barges in the rivers, transhipping and handling at Berth No 9 at the Mormugao Port. The demand projection is the main guiding criterion from the planning level right up to the shipment stage. Be it the extraction of ore at the mines or the value adding process at the Dry Screening Plants and the Beneficiation Plant or the transportation by trucks on hilly roads and by barges in the rivers - each activity is efficiently carried out with regular deployment, allocation and maintenance of machinery and equipment.

At present our mining activities are concentrated in Velguem/Surla, Sigao and Sancordem, which are within a radius of 25 kms from the barge loading facility at Vagus. The area covered by the company's mining concessions is being constantly surveyed and assessed by our team of geologists. The samples collected are analysed at the company's Analytical Laboratory and the results evaluated for decision making. Company's production performance at the mines is guided by the anticipated commitments for exports. Total material extraction in the past few years has varied between 5 to 7 million tons per annum. The rejects are systematically dumped with future exploitation possibilities in mind. Plantation programmes are carried out to restore greenery.

We have carved a niche for ourselves in the world steel market by being one of the principal suppliers of iron ore to Nippon Steel Corporation, a company of giant status. Over the years our standing at the international level has thrown many new markets. We have been doing business with POSCO, another gigantic company. We export more than 2 million tons of iron ore mainly to these two principal and long standing customers besides others.

Salgaocars own and operate a modern transhipper M V SWATIRANI, fitted with sophisticated deck machinery comprising of conveyor systems cranes and having an iron ore loading rated capacity of 1,500 tons per hour. This vessel makes alongside large ocean going carriers and loads annually about 1.5 million tons of iron ore into them from barges which are moved alongside. It may be noted that M V SWATIRANI has achieved a loading rate of 29,000 tons in a single day and can load vessels of 60,000 DWT to 250,000 DWT.

The company operates a fleet of four barges having a deadweight tonnage of 8000, which is augmented as and when required by ten barges on contract having capacity of 12,500, thereby taking the total barge capacity to 20,500 tons for transporting ore from loading station at Vagus to the Mormugao port.

We are supported by an enterprise wide Client/Server based integrated information system with centralised Oracle database on the latest SUN Enterprise server. The head office at Vasco is directly connected through WAN to its major minning locations sharing updated operational and MIS data.

V M Salgaocar Sales International deals with the purchase of iron ore from other mining concerns of repute to meet our export targets. It is a partnership firm trading in iron ore.

Goa Minerals Private Limited, a sister concern, undertakes contracts for extraction and processing of iron ore fines from other mining organisations. The company also undertakes road and river transportation of iron ore to required destinations.