BIHSPONG

Bihar Sponge Iron Ltd, incorporated in 1982, operates in the steel industry primarily by manufacturing and selling sponge iron, a pre-reduced form of iron. The company supplies this primary raw material to the steel sector, particularly for use in induction and electric arc furnaces involved in mild steel production. Its manufacturing facility is located in Chandil, Jharkhand, a strategic location that facilitates access to essential raw materials such as iron ore and coal. Bihar Sponge Iron Ltd contributes to the secondary steel sector by providing sponge iron as a substitute for scrap metal, which helps reduce foreign exchange outgo for India.