Bihar Sponge Iron Ltd

Bihar Sponge Iron Ltd (BIHARSPONG)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return0.91 %
3 Month Return0.45 %
1 Year Return-4.96 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 264
Rank 264
Rank 298
Dividend Yield
Rank 134
Rank 530
Price To Book Ratio
Rank 239
Debt To Asset
Rank 297

Company Information

Incorporated at Patna Bihar on 16 Apr.82 Bihar Sponge Iron is an IndoGerman 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. : 150000 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 knowhow.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 200203.
OrganisationBihar Sponge Iron Ltd