Vaswani Industries Ltd Share Price Steel
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Vaswani Industries Ltd, a part of Vaswani Group of Companies, is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation. The company has manufacturing facilities in an industrial area at Sondra Village, 14 km from Raipur railway station Vaswani Industries Ltd was incorporated on July 22, 2003. The company was established with the object of manufacturing of Sponge Iron, Steel Billets and captive power generation. They obtained the certificate of business commencement on February 10, 2004. During the year 2003-04, the company installed their first kiln of 1x100 TPD sponge iron. During the year 2005-06, they expanded the capacity to 2x100 TPD due to increased demand. During the year 2007-08, the company installed 3 Induction Furnaces with a capacity of 36000 MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron. Also, they commenced power generation of 7.5 MW 5 MW from Waste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. In the year 2009, the company started selling surplus power generated to private power companies namely Lanco Electric Utility Ltd and Others as well as State Electricity Board namely Chhattisgarh State Electricity Board. During the year 2009-10, the company expanded the capacity of Sponge Iron by installing 1x100 TPD and the total capacity of Sponge Iron was enhanced to 3 x 100 TPD. During the year 2010-11, the company enhanced their power generation capacity to 11.5 MW (9 MW from WHRB and 2.50 MW from Coal).