Bihar Sponge Iron Share Price

Bihar Sponge

CMP as on01-Dec-20 14:53

₹ 1.59
0.03 1.92%

Open

₹ 1.59

Turnover (lac)

Prev. Close

₹ 1.56

Day's Vol (shares)

₹ 16,210

Day's Range

₹ 1.59
₹ 1.59

Incorporated at Patna, Bihar, on 16 Apr.82, Bihar Sponge Iron is an Indo-German venture, promoted in the joint sector by Modi Industries, Modi Rubber and their associates, along with the Bihar State Industrial Development Corporation and Lurgi, Germany.The company produces sponge iron from iron ore (inst. cap. : 1,50,000 tpa). Sponge iron is a substitute for scrap which is used as a raw material in electric arc furnaces / induction furnaces. It has a technical collaboration with Lurgi, Germany, for technical know-how.In Aug.90, the company came out with a rights issue. The companys net worth eroded more than 50% from the peak during the last four financial years, as a result, it was referred to BIFR and was declared sick. IFCI has been appointed as the operating agency, for preparing a rehabilitation scheme.The company is putting up a Captive Power Generating Unit, which will utilise the Coal Fines generated from the operations. The commissioning date of the plant has been changed from April 2001 to March 2002. It has also commissioned 5 MW captive power plant during 2002-03.

  • Chairman & Director

    Umesh K Modi
  • Director

    Abhishek Modi
  • Director

    Jayesh Modi
  • Independent Director

    B D Garg
  • Director

    Kum Kum Modi
  • Independent Director

    Shyam Vyash
  • Independent Director

    Jagdish Chander Chawla
  • Independent Director

    Madan Lal
  • Independent Director

    Rajeev Kumar Agarwal
  • Independent Director

    Rohit Garg
  • Additional Director

    Anirudh modi

Registered Office

Umesh Nagar Chandil,
Dist Saraikela,Kharsawan,
Jharkhand-832401
India

REGISTRAR OFFICE

Beetal House 3rd Flr,
Nr Dada Harsukh Das,New Delhi - 110062
INDIA