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About Bihar Sponge Iron Ltd
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Incorporated at Patna, Bihar, on 16 April, 1982, Bihar Sponge Iron Limited is an Indo-German venture, promoted in the joint sector by Modi Industries, Modi Rubber and their associates, along with the Bihar State Industrial Development Corporation Ltd. (BSIDC) and Lurgi, Germany. It is the first merchant sponge iron plant in India. The plant is located in Saraikela Kharsawan, Jharkhand. The company produces sponge iron from iron ore (inst. cap. : 1,50,000 tpa). Sponge iron is used as a raw material for making steel in electric arc furnaces and induction furnaces, substituting and supplementing indigenous and imported scrap.. It has a technical collaboration with Lurgi, Germany, for technical know-how. The Plant started commercial operations in 1989. In Aug.`90, the Company came out with a rights issue. The Company`s net worth eroded more than 50% from the peak during the last four financial years, as a result, it was referred to BIFR and was declared sick. IFCI was appointed as the operating agency, for preparing a rehabilitation scheme. The company is putting up a Captive Power Generating Unit, which will utilise the Coal Fines generated from the operations. The commissioning date of the plant has been changed from April 2001 to March 2002. It also commissioned 5 MW Captive Power Plant in 2002-03.
Bihar Sponge Iron share price as on 18 May 2025 is Rs. 12.5. Over the past 6 months, the Bihar Sponge Iron share price has decreased by 16.44% and in the last one year, it has decreased by 13.43%. The 52-week low for Bihar Sponge Iron share price was Rs. 10.2 and 52-week high was Rs. 26.77.
500058
BIHARSPONG
INE819C01011
Sep
Bihar Sponge Iron Ltd FAQs
You can buy Bihar Sponge Iron Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bihar Sponge Iron Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of May 16, 2025 04:01 PM the closing price of Bihar Sponge Iron Ltd was Rs.12.50.
The latest PE ratio of Bihar Sponge Iron Ltd as of May 16, 2025 04:01 PM is 9.72
The latest PB ratio of Bihar Sponge Iron Ltd as of May 16, 2025 04:01 PM is -0.81
The 52-week high of Bihar Sponge Iron Ltd share price is Rs. 26.77 while the 52-week low is Rs. 10.20
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of May 16, 2025 04:01 PM, the market cap of Bihar Sponge Iron Ltd stood at Rs. 112.76 Cr.
Market Outlook
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