Shri Hare-Krishna Sponge Iron Ltd Share Price (SHKSIL)

Shri HareKrishna Sponge Iron Limited was originally incorporated under the name of Shri HareKrishna Sponge Iron Private Limited on May 02 2003 with the Registrar of Companies West Bengal. Thereafter Company was converted to Public Limited and the name of the Company was changed to Shri HareKrishna Sponge Iron Limited vide Incorporation Certificate dated June 20 2007 issued by the Registrar of Companies West Bengal.The Company launched induction furnace in their factory to increase production in year 2005. In 2007 it established a semiautomated structure Rolling mill to enhanced the production technology and capabilities. Further the production of steel shots product started in 2012. The Company is primarily engaged in the business of manufacturing and selling of Sponge Iron. Sponge Iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. It presently carry all the manufacturing operations at Siltara Raipur Chhattisgarh with an annual production capacity of 30000 metric tonnes. During production of sponge iron a solid waste is produced as a byproduct called dolochar which is used in manufacturing of steel billets ingots and rerolled products. Apart from this the key raw materials to produce sponge iron are iron ore/iron ore pellets coal and dolomite. Due to increasing power costs manufacturing operations for mild steel ingots steel shots grits and other steel products have been temporarily shut down since 2020. The Companys strategy focuses on establishing a 5MW captive power plant at existing manufacturing facility in Siltara Raipur Chhattisgarh to reduce energy costs and ensure a reliable power supply which is crucial for resuming operations of steel ingots steel shots grits and other steel products.The Company is planning an Initial Offer of 5070000 fresh issue equity shares..

Listing date: 01 Jul, 2025
Chairperson Name: Manoj Parasrampuria