SPONGE IRON INDIA LIMITED
Particulars
of the Organization, functions and duties:
Sponge Iron India Limited was initially incorporated on March 18, 1975 as
subsidiary of the A.P. Industrial Development Corporation, an Undertaking of
Government of Andhra Pradesh. The Company was incorporated to
establish the techno-economic feasibility of producing sponge iron from Iron
Ores and Non-coking Coal available in various parts of the Country and
producing steel through Direct Reduction – Electric Arc Furnace Route.
Due to the National importance of the project the share held by APIDC were
transferred to Govt. of Andhra Pradesh to enable take over of the Company by
the Government of
Authorised Share
Capital
: Rs. 66.0 Crores
Paid up Equity Share
Capital : Rs.
65.09 Crores
Govt. of
Govt. of Andhra Pradesh : Rs. 0.83
Crores
The main objects of the Company as stated in the Memorandum and Article of
Association are as follows:
1.
To produce, manufacture, purchase,
refine, import, export sell and really to deal in naturally occurring ores and
agglomerated iron ores pre-reduced forms of iron such as sponge iron, grey
iron, alloy iron, ductile iron, S.G.. Iron, malleable iron, alloy and special
iron and steel in all forms and/or bye-products thereof.
2.
To carry on the trades or business of
iron ore processors, iron masters, steel makers, steel converters, rolled steel
makers, miners, smelters, engineers, tinplate makers and iron founders in all
their respective branches and manufacture of all kinds of agglomerated and
pre-reduced form of iron such as sponge iron, grey iron, alloy iron, ductile
iron, S.G. iron, malleable iron, alloy and special steel iron, steel
products such as bars, rods, and other sections, sheets and plates, wires and
wire products of iron, steel and other metals.
3.
To search for, get, work, make
merchantable, sell and deal in naturally occurring iron ores, agglomerated
iron, pre-reduced form of iron such as sponge iron, grey iron, alloy iron,
ductile iron, S.G. iron, malleable iron, iron alloy and special steel, steel
and other metals, old or new, coal, coke, slag, slag granules, minerals and
substances.
4.
To carry on the business of iron
founders, coke manufacturers, mechanical engineers, manufacturers of
agricultural implements and other machinery, tool makers, brass founders, metal
workers, boiler makers. Mill wrights, machinists, iron and steel
converters, smiths, painters, metallurgists, electrical engineers, water supply
engineers, manufacturer of brass, copper and other metals and to buy, sell, manufacture,
repair, convert, alter, let on hire and deal in machinery implements, all sorts
of metal scrap and hard ware and hollow ware of all kinds. To act as
agents and brokers for sellers, buyers, exporters, importers, manufacturers,
merchants, tradesmen, insurers and other and generally to undertake and
carryout agency work of any kind whatsoever and transact all manner of agency
and commission business.
The
primary objective of the Company was to develop an indigenous technology for
the production of sponge iron using iron ore and non-coking coal abundantly
available in the country. To this end a demonstration plant of capacity
30,000 tpa of sponge iron with rotary kiln as the main reactor was set up in
1980 at Paloncha in the district of Khammam, Andhra Pradesh with UNDP
assistance based on Lurgi technology. Considerable in-house
R&D work with Indian iron ore and non-coking coal led to total
indigenisation of the technology and another unit of same capacity was set up
by the side of the first unit using the SIIL developed technology and 100%
indigenous equipment. SIIL provided consultancy for setting up 5 plants
in
The Organisation Chart of the Company is Annexed.