Patnaik Steels & Alloys Ltd. is a Falcon group company, having a group turnover of about 2200 Crores. The factory is located at village Purunapani, Nayagarh in Keonjhar district of Odisha with a capacity to produce 110000 tons of sponge iron per year, power of 15 MW/hour and liquid steel of 1,00,000 metric tons per annum. The company has expansion plan to further increase the production capacity of sponge iron by 150000 tons/year with an increase in power capacity of another 35 MW/hour and a 3 MTPA Iron Ore filter cake plant through beneficiation to be installed with a 2.4 MTPA pellet plant for pellet making .