| Steel Manufacturing | Production of sponge iron, billets, TMT bars, structural steel products and rolling mill outputs. | Integrated operations with captive coal block, strong brand in eastern India, and diversified product portfolio. | Industrial clients, construction companies, infrastructure developers in India (B2B). | Value-added steel products like TMT bars and structural steel components. | 2905 | 99 | Sales of steel products primarily to B2B customers in infrastructure and construction. | Market-driven pricing, sales on contract and spot basis. | Growing infrastructure demand in India, backward integration with captive coal and power support margin. | MSP Gold Theremax TMT bars |
| Power Generation | Captive power plants supplying energy for steel manufacturing and some external power sales. | Captive power generation reduces dependency on grid and lowers operational costs for steel segment. | Primarily internal consumption for steel plant; limited external sales. | Captive power reduces external power purchase costs, improving overall margins. | 30 | 1 | Power sales and cost savings from captive use. | Cost plus model internally; regulated tariffs externally. | Expansion in power generation capacity to support steel production and improve cost efficiency. | |
