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SMFA is a private limited company incorporated on 10th September 1996 under The Companies Act, 1956 having production facilities of sponge iron, billets, pellets and captive power plant at Kalunga Industrial Estate in Odisha along with a Private Freight Terminal to facilitate transportation of materials. It has also commissioned a 1 MW solar power plant at Tankajoda, Sundargarh under Jawaharlal Nehru National Solar Mission ("JNNSM").