Ankit Metal & Power is planning to set up a High Grade Iron Ore Pellet Plant along with Iron Ore beneficiation plant at Village Kalinganagar, Mouza Manoharpur, Via Pankapal, Tehsil Danagadi, District Jajpur in Orissa.IronOre, Coal fines, Lime Stone and Bentonite are the major raw materials used in the plant process. As of December 2012, the project has received clearance from ministry of environment and forests.