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Sunflag Iron & Steel Company Ltd.

BSE: 500404 Sector: Metals & Mining
NSE: SUNFLAG ISIN Code: INE947A01014
BSE LIVE 15:57 | 17 Aug 49.05 49.05
(%)
OPEN

47.15

HIGH

51.00

LOW

46.80

NSE 15:47 | 17 Aug 48.85 1.90
(4.05%)
OPEN

47.10

HIGH

50.75

LOW

46.70

OPEN 47.15
PREVIOUS CLOSE 0.00
VOLUME 623040
52-Week high 51.00
52-Week low 28.25
P/E 13.55
Mkt Cap.(Rs cr) 884
Buy Price 49.05
Buy Qty 4860.00
Sell Price 0.00
Sell Qty 0.00
OPEN 47.15
CLOSE 0.00
VOLUME 623040
52-Week high 51.00
52-Week low 28.25
P/E 13.55
Mkt Cap.(Rs cr) 884
Buy Price 49.05
Buy Qty 4860.00
Sell Price 0.00
Sell Qty 0.00

Sunflag Iron & Steel Company Ltd. (SUNFLAG) - Company History

Sunflag Iron and Steel Company ltd is a prestigious unit of Sunflag group was promoted by Sunflag UK. The Sunflag Group was founded by Satyadev Bhardwaj in Kenya in 1937. The Company incorporated in 1984 is engaged in the manufacture of Steel products like Rolled products, Billets, Sponge Iron etc., with a present capacity of 150000 MT of Direct reduced Iron, 200000 MT of Mild & Alloy Steel Rolled Products and with captive power plant capacity of 108 million Kwh. The company has set up a state of art integrated plant at Bhandara, India to produce 200000 tonnes per annum of high quality steel using ironore and non-coking coal as basic inputs. The products are spring steel rounds flats, carbon steel and alloy steel. They are used by automobile leaf spring manufacturers, engineering goods manufacturers and the forgings industry Spring steel forms 70% of the total production. The plant comprises a 1,50,000 tonnes per annum Direct Reduction Plant, to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement; a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace, quick roll-changing facilities, a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages. The company came out with a rights issue in Feb 92 to part-finance the capital cost of a 15.5-MW wast heat recovery project to gain full use of waste gases and coal ash/fires generated in the process of making Sponge Iron. Installation of a new Captive Power Plant of 10 MW is under progress. The company has also started manufacturing high value stainless steel for which tremendous growth of domestic and international market is expected.