|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.