Badampahar Iron Ore deposit was first reported by P.N. Bose in 1904 and the mining lease over an area of 1063.61 hectares was obtained by ex-lessee M/s. TISCO Ltd on 04.08.1919.
The most important and common use of Iron ore is in the Steel making Industries. Steel plants are the backbone of any country's development, especially for a developing country like India as it is important for all infrastructure development in the country; its utilization needs to be optimized. Iron & steel industries are normally heavy industries & they need massive amount of raw material. Iron ore is the principal raw material along with cooking coal and limestone. As per estimation, currently steel production in the country is gradually growing up.