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Bihar Sponge Iron Ltd. Company History and Annual Growth Details
The company was incorporated on 16th April 1982.
The company is an Indo German venture promoted in the joint sector by Modi Industries Ltd., their friends relatives and associates along with the Bihar state Industrial Development Corporation Ltd., as Indian promoters and Lurgi GmbH of Frankfurt, Federal Republic of Germany and DEG-Cologne, Federal Rederal Republic of Germany as German promoters.
The company has set up a project at Chandil, District Singhum in Bihar for the manufacture of sponge Iron.
The project cost was estimated at 112 crores. The project implementation was on schedule and trial production of sponge iron commenced on 1st May 1989 and commercial production started on 1st July 1989.
The main object of the company is to manufacture Sponge Iron.
-Bihar Sponge Iron Ltd has informed that Mr. Turan Caglayan, Nominee of DEG, one of the promoters of the Company has tendered his resignation from the Board of Directors.
-Bihar Sponge Iron Ltd has appointed Mr. Vijay K Modi as Alternate Director to Dr. W Janke.