| Iron & Steel | Manufacture and sale of diverse steel products including specialty steels | Integrated steel facility with captive coke and power plants, strategic JV partnerships, and supply chain control | Primarily B2B: automotive, infrastructure, and manufacturing companies | Speciality steels via joint venture with Carpenter Technology and Kalyani Gerdau JV | 122552 | 98 | Sales revenue from steel products to industrial customers | Market-driven steel pricing with long-term contracts and spot sales | Automotive sector demand growth, infrastructure projects, joint ventures for speciality steel | Kalyani Steels, Kalyani Gerdau JV |
| Power Generation | Generation of electricity primarily for captive consumption within steel plants | Captive power reduces dependency on external suppliers, ensuring stable energy supply and cost control | Internal captive consumers (steel operations), possible external sales | Waste heat recovery based power generation providing cost efficiencies | 2537 | 2 | Cost savings and potential sale of excess power | Cost-based pricing for captive use, competitive rates for external sales | Increasing captive power capacity, waste heat recovery technology | Captive Power Plant at Ginegera |
