Bihar Sponge Iron share price

Bihar Sponge Iron Limited is an India-based company, which is engaged in manufacturing, producing, purchasing, exporting, selling and dealing of pre-reduced form of iron such as sponge iron. The Company is also carrying activities of trading of plastic packaging materials. It produces sponge iron from three kilns with an installed capacity of approximately 2,10,000 metric tons (MT) per annum. The Company’s primary product, sponge iron, is a pre-reduced ferrous material and is preferred to most other materials in place of steel scrap by secondary steel producers operating induction and electric arc furnaces for producing long products for meeting the demand of the construction and infrastructure sectors. Sponge iron produced is used as a mix raw material for producing ingots. The Company's plant is located in Umesh Nagar, Chandil, District Saraikela Kharsawan, Jharkhand.