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Sunflag Iron & Steel Company Ltd. Company History and Annual Growth Details
Sunflag Iron & Steel Company Ltd. was incorporated on 12th September, 1984 as a Public Limited Company in the State of Maharashtra for setting up a composite steel plant for the manufacture of Mild and Alloy Steel Rolled Products in Bhandara district, near Nagpur, in Maharashtra. Sunflag Steel is a member of the Sunflag Group of Companies. Sunflag Steel is incorporating the most sophisticated Steel Making technologies in collaboration with Krupp Industrietechnik GmbH, Mannesmann Demag Huttentechnik, MDS Mannesmann Demag Sack GmbH and Hamburg Consulting and Steel Engineering GmbH of West Germany.
The Sunflag group was founded by Shri Satytadev Bhardwaj in Kenya in 1937. It has grown steadily and has spread its manufacturing operations in 6 countries spanning 3 continents.
In 1988, the accounting year was changed from 30th April to 31st October and again in 1989, changed from 31st October to 31st March.
-Mr VBS Bharadwaj has ceased to be a Director of the Company w e f January 28, 2002.
-Melting Transformer has been repaired and installed. Steel Melt Shop is in fully operation effective from November 4, 2003.