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The Iron Works was established to tap the rich iron ore deposits near Kemmanagund, in the Baba Budangiri hills, and manufacture pig iron and other products. A preliminary investigation of setting up an iron and steel factory at [[Bhadravathi]] was done in 1915-16. This investigation was done by a New York based firm who explored the possibility of manufacturing pig iron with the use of charcoal fuel. The years 1918-22 were spent in setting up the factory. To start with, a wood distillation plant for manufacturing charcoal and blast furnace for smelting iron were set up in the factory. A cast iron pipe plant, open hearth furnace, rolling mills and a cement plant were later added and the name of the factory was changed to ‘The Mysore Iron and Steel Works’ <ref name=Wiki>[https://en.wikipedia.org/wiki/Visvesvaraya_Iron_and_Steel_Plant Wikipedia “Visvesvaraya Iron and Steel Plant”]; Retrieved 29 Aug 2015</ref>

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