Chennai Ferrous Industries Limited, incorporated on May 7, 2010, was earlier engaged in the manufacture of Sponge Iron products. However, in view of sluggish market demand, volatility in raw material prices, and regional demand supply imbalances, the Company strategically diversified into coal trading. It is presently into trading in iron & coal related products. Company is one of the resulting companies of demerged Kanishk Steel Industries Limited.With the end of realigning the business operations undertaken by Kanishk Steel Industries Limited, all the assets and liabilities of the Sponge Iron Division of Kanishk Steel Industries Limited have been vested with the Company as a going concern basis.
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