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Bihar Sponge Iron > Company History > Steel - Sponge Iron > Company History of Bihar Sponge Iron - BSE: 500058, NSE: BIHARSPONG
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Bihar Sponge Iron

BSE: 500058|NSE: BIHARSPONG|ISIN: INE819C01011|SECTOR: Steel - Sponge Iron
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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
 July 1989.
 
 The main object of the company is to manufacture Sponge Iron.
 
 2006
 
 -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.
 
 2008
 
 -Bihar Sponge Iron Ltd has appointed Mr. Vijay K Modi as Alternate
 Director to Dr. W Janke.
 
 2011
 -Chandil Power Ltd has become a subsidiary Company of Bihar Sponge
 Iron Ltd .
 
 2012
 
 -Mr. B. K. Thakur has been appointed as Director- Finance of the
 Company.
 
 2013
 
 - Mr. Sudhir Kumar, IAS has been appointed as Director of the
 company.
 
 2014
 
 -Mr. S. K. Gupta has been appointed as the Whole-time Director of the
 Company designated as Executive Director (works) of the Company.
 
 
Source : Dion Global Solutions Limited
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