Bihar Sponge Iron Ltd
Bihar Sponge | 500058
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About Company
- Incorporated at Patna, Bihar, on 16 April, 1982, Bihar Sponge Iron Limited is an Indo-German venture, promoted in the joint sector by Modi Industries, Modi Rubber and their Associates, along with the Bihar State Industrial Development Corporation Limited (BSIDC) and Lurgi, Germany
- It is the first merchant sponge iron plant in India
- The Plant is located in Saraikela Kharsawan, Jharkhand
- The Company produces sponge iron from three kilns with an installed capacity of 2,10,000 MT per annum
- The Company's primary product, sponge iron, is a high quality pre reduced ferrous material and, therefore, is preferred to most other materials in place of steel scrap by secondary steel producers operating induction and electric arc furnaces for producing long products for meeting the demand of the construction and infrastructure sectors
- The Plant started commercial operations in 1989
- '90, the Company came out with a rights issue
- The Company's net worth eroded more than 50% from the peak during the last four financial years, as a result, it was referred to BIFR and was declared sick
- IFCI was appointed as the operating agency, for preparing a rehabilitation scheme
- The Company commissioned 5 MW Captive Power Plant in 2002-03
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All figures in ₹ Crores
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Frequently Asked Questions
What is Share Price of Bihar Sponge Iron Ltd?
The current share price of Bihar Sponge Iron Ltd (Bihar Sponge) is ₹12.67. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Bihar Sponge Iron Ltd?
Bihar Sponge Iron Ltd has a 52-week high of ₹19.65 and a 52-week low of ₹9.15. This range shows the stock's price volatility over the past year.
What is the ROE of Bihar Sponge Iron Ltd?
Bihar Sponge Iron Ltd has a Return on Equity (ROE) of 6.37%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
