What we do Shri Hare-Krishna Sponge Iron Ltd manufactures and sells sponge iron, a key raw material for steel production via electric arc and induction furnaces, based in Raipur, Chhattisgarh. |
Founded in 2,003 |
Market share Operates with a 30,000 metric tonnes annual capacity primarily serving steel production sector. |
Problem solved Provides essential raw materials to steel producers, easing supply of sponge iron and managing by-products effectively. |
Top clients or who we serve Steel manufacturers using electric arc and induction furnaces (B2B focus). |
Key management - |
Our journey and innovations Incorporated in 2003; launched induction furnace in 2005; added semi-automated rolling mill in 2007; began steel shots production in 2012; planning 5MW captive power plant to reduce energy costs. |
Where we operate Manufacturing operations located in Siltara, Raipur, Chhattisgarh, India. |
Top products or what we offer Sponge iron, steel shots (temporarily suspended), steel billets, ingots, and grits. |
Top brands - |
Raw materials needed Iron ore/iron ore pellets, coal, and dolomite. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical, dependent on steel industry demand cycles. |
Our industry position Niche producer with specialized sponge iron manufacturing capacity and value-added byproducts. |
Financial highlights For FY 2024-25, revenue of Rs 80.47 Cr with net profit of Rs 9.2 Cr. |
Geographical revenue split - |
Order book - |
Whats driving growth Expansion in steel sector demand and upcoming captive power plant for cost reduction. |
Our future plans Establish 5MW captive power plant to lower costs and revive steel products manufacturing. |
Our green promise - |
Our people and values - |
Key challenges ahead Rising power costs and temporary suspension of some product lines challenge growth. |
Interesting facts Reuses solid waste by-product 'dolochar' to manufacture steel billets and related products. |
Risks and strategy Power cost volatility is mitigated by plan to set up captive power plant ensuring stable supply and costs. |
