We are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys; have the ability to sell intermediate and final products across the value chain and a track record of positive EBITDA since commencing operations in fiscal 2005.
We are one of the leading players in terms of our long steel product and pellet capacity, amongst the largest producers of Ferro Alloys domestically and the fourth largest player in the Sponge Iron industry in terms of our annual installed capacity. We operate three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of our manufacturing plants is 2.40 MTPA (comprising of intermediate and final products). Our manufacturing plants also include captive power plants with an aggregated installed capacity of 207 MW. Our Odisha manufacturing plant caters to customers in the Southern and Western India whereas our West Bengal manufacturing plants caters to customers in Northern and Eastern India.
We operate two “Ore to metal” integrated steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, West Bengal which comprise of captive railway sidings, captive power plants, iron pellet, sponge iron, billet, TMT, wire rod and structural mills and ferro alloy plants. We also operate a manufacturing plant in Mangalpur, West Bengal which comprises of sponge iron and ferro alloy plants and a captive power plant. Our integrated manufacturing plants are fungible by design, which insulates us from price volatility and provides us with the ability to quickly adapt to changing market conditions and shift our production and product offerings to meet the continuously changing market climate and optimise our operating margins. Our manufacturing plants primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and ferro alloys with a specific focus on high margin products such as customised billets and specialised ferro alloys for special steel applications.
Our TMT and structural products are sold under the brand “SEL”. We also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. We are in the process of further diversifying our product portfolio by entering into the segments of cement and ductile iron pipes.
We are in the process of adding fresh capacities to our manufacturing plants and captive power plants and diversifying into related segments. Post completion of these capacity expansions the aggregate installed metal capacity of our manufacturing plants and our captive power plants shall increase from 2.40 MTPA to 6.78 MTPA (comprising of intermediate and final products) and 207 MW to 350 MW respectively. Our product offerings cater to a mix of customers which consist of institutional customers and end consumers through our distribution network. Our TMT and structural products are sold under the brand “SEL”. We also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. We are in the process of further diversifying our product portfolio by entering into the segments of cement and ductile iron pipes.
India is among the fastest growing major economies of the world. It is also the sixth-largest economy on a nominal basis. The country’s GDP has grown at 7.1% CAGR from 2012-13 to 2017-18 primarily driven by Services sector that grew by 8.5% during the period respectively. Government fixed capital expenditure (GFCF) grew at a CAGR 5.4%,leading to increase in growth during past five years.
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