Orissa Sponge Iron & Steel Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 66
Rank 66
Rank 71
Dividend Yield
Rank 22
Rank 86
Price To Book Ratio
Rank 66
Debt To Asset
Rank 71

Company Information

Incorporated in Apr.79 Orissa Sponge Iron was promoted in the joint sector by the Industrial Promotion Investment Corporation of Orissa and Torsteel Research Foundation and its associates. The companys plant manufactures sponge iron cap. 100000 tpa through the direct reduction route by using noncoking coal as reductant. In 199495 it implemented a project with a capacity of 60000 tpa to manufacture billets using its own sponge iron. The company also has a project consultancy division which provides technical consultancy and project engineering services to sponge iron plants. Lloyds Metals Engineers has adopted the technology provided by OSIL.Sponge iron is a basic input requirement for mini steel plants. It is a substitute for scrap. Clients of the company include Usha Martin Industries and Bihar Alloy Steels etc.The company came out with a rights issue in Mar.95 to partfinance the project of setting up a 65000tpa steel billet plants. It has installed a 10MW power plant utilising waste heat from the sponge iron plant which has make it self sufficient in power.The company intends to install an additional klin with a capacity of 150000 tonnes of Sponge Iron production per year and also to set up a Steel Billet Plant at Bamra Dist Sambalpur Orissa with an installed capacity of 300000 TPA. The company is also setting up a 9 M.W power plant using waste heat of the klin this will enable the company to reach almost self sufficiency in power requirement of the Steel Billet Plant but also reduce the power cost.The construction of 10 MW Waste Heat Power Plant based on waste heat from the sponge iron was completed and commercial operation was commenced from July 2001.
OrganisationOrissa Sponge Iron & Steel Ltd