Tata Sponge Iron Ltd

Tata Sponge Iron Ltd is an associate company of Tata Steel. It has its manufacturing facility at Bilaipada in Orissa. It is the first Indian sponge iron company to be accredited with ISO 9002 certification. Tata Sponge Iron Limited produces premium & consistent quality sponge iron. The company has emerged as one of the leaders among coal-based sponge iron suppliers in India. It has the advantage of getting an assured supply of quality iron ore from Tata Steel, which ensures consistency in the quality of sponge iron thus produced. The plant commissioned by Tata Sponge was initially designed to facilitate a production capacity of 90,000 TPA, which was enhanced to 1,20,000 TPA during 1990-91. Later, it increased its capacity by adding a second kiln of equivalent capacity in 1998-99. A third kiln of 150,000 TPA capacity was commissioned in 2005-06. In December, 2001 Tata Sponge commissioned a 7.5 MW captive power plant to produce electricity from the waste heat of exit gases of its Kiln No.2.This helped the company to become self sufficient in power. A second power plant of 18.5 MW fed by the waste heat generated by Kiln No. 1 & 3 was commissioned in November, 2006. Revenues earned by the sale of surplus power generated from the power plants add to the profitability of the company, besides keeping the environment free of thermal pollution. Tata Sponge is among the first sponge iron enterprises to have earned carbon credits.

Finished Products

Sponge iron, Power

Raw Materials

Coal, iron ore, dolomite

Industry

Steel – Sponge Iron

Peers/Competitors

Jindal Steel, Monnet Ispat, Jai Balaji Ind, Adhunik Metalik

Related Links

Updates on Drops Savings | Company website | NSE Market Tracker | Information at Moneycontrol.com | Information at HDFC Securities


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