Mandovi Pellets to set up high grade iron ore plant at village Santona & Dudhal, Costi in Sanguem Taluk of South Goa district of Goa. The proposed capacity of the iron ore plant is at 500,000 tpa. Iron ore, flux including Limestone, dolomite, and fluorite, coal and binder will be used as raw materials. Iron ore will be sourced from captive iron ore mine at Costi, South Goa. The total project cost is estimated at Rs. 3000 million.