Company History - Bihar Sponge Iron
The company was incorporated on 16th April 1982.
The company is an Indo German venture promoted in the joint sector by
Modi Industries Ltd., their friends relatives and associates along
with the Bihar state Industrial Development
Corporation Ltd., as Indian promoters and Lurgi GmbH of Frankfurt,
Federal Republic of Germany and DEG-Cologne, Federal Rederal Republic
of Germany as German promoters.
The company has set up a project at Chandil, District Singhum in
Bihar for the manufacture of sponge Iron.
The project cost was estimated at 112 crores. The project
implementation was on schedule and trial production of sponge iron
commenced on 1st May 1989 and commercial production started on 1st
The main object of the company is to manufacture Sponge Iron.
-Bihar Sponge Iron Ltd has informed that Mr. Turan Caglayan, Nominee
of DEG, one of the promoters of the Company has tendered his
resignation from the Board of Directors.
-Bihar Sponge Iron Ltd has appointed Mr. Vijay K Modi as Alternate
Director to Dr. W Janke.
-Chandil Power Ltd has become a subsidiary Company of Bihar Sponge
Iron Ltd .
-Mr. B. K. Thakur has been appointed as Director- Finance of the
- Mr. Sudhir Kumar, IAS has been appointed as Director of the
-Mr. S. K. Gupta has been appointed as the Whole-time Director of the
Company designated as Executive Director (works) of the Company.