Patnaik Minerals Pvt. Ltd. (PMPL) was originally founded in 1955 by Late Bansidhar Patnaik, one of the pioneers of mining in the state of Orissa and a visionary entrepreneur who made significant contribution to the development of the Keonjhar district in Orissa.
PMPL's business operations of Mining of Iron Ore & Manganese in Joda-Barbil region of Keonjhar district in Orissa, and Limestone & Dolomite in Rourkela region of Sundergarh district of Orissa were managed effectively for over 40 years by Late Rabindra Nath Patnaik and Shri Akhilendra Nath Patnaik with the active support of Shri Jitendra Nath Patnaik.
The company has emerged as a major producer of high grade calibrated iron ore (Fe +65%) for the raw material requirement of the Sponge Iron & Pig Iron plants in the region. It is also an exporter of Iron Fines to China.
The company diversified its business activities into Logistics & Infrastructure, Sponge Iron manufacturing, Renewable Energy & Mineral Beneficiation under the stewardship of Shri S. K. Patnaik who is currently heading the company as its Managing Director.
The logical integration of activities and strong financial fundamentals are the core strengths of the co. besides its strong commitment towards the environment & social responsibility. The company maintains a high level of ethical practice & considers its employees as its most valuable assets.
The CSR activities of the company include an 'annual scholarship program' since 1990. The scholarship is granted to meritorious students from the poorer sections of the district who qualify for higher studies in Engineering and Medicine. The comapny has recently inaugurated a ‘community welfare project' at Keonjhar to provide free medical facilty.