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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.

2006

-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.

2008

-Bihar Sponge Iron Ltd has appointed Mr. Vijay K Modi as Alternate Director to Dr. W Janke.

2011
-Chandil Power Ltd has become a subsidiary Company of Bihar Sponge Iron Ltd .

2012

-Mr. B. K. Thakur has been appointed as Director- Finance of the Company.

2013

- Mr. Sudhir Kumar, IAS has been appointed as Director of the company.

2014

-Mr. S. K. Gupta has been appointed as the Whole-time Director of the Company designated as Executive Director (works) of the Company.

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