Wanted : Sponge Iron plant

Business group urgently requires
Running / sick Sponge Iron plant
Induction plant
Rolling plant
anywhere in India
on outright purchase or lease

10 Comments

  1. Md. Hanif
    Posted August 21, 2008 at 3:33 am | Permalink

    WE NEED READY MADE GARMENTS BUYER/IMporters

  2. Md. Hanif
    Posted August 21, 2008 at 3:44 am | Permalink

    Need ready made garments importers

  3. Prakash
    Posted August 27, 2008 at 5:44 am | Permalink

    dear Sir,

    for sponge iron plant pls contact

    Thanks

  4. Vinod
    Posted September 10, 2008 at 11:56 am | Permalink

    Requires sponge iron plant of 50 or 100 TPD capacity on lease or partnership basis.We are complete technical knowhow regarding iron making in any condition.Contact 09302523791

  5. ANAND TOMAR
    Posted October 29, 2008 at 5:20 am | Permalink

    The Company was incorporated on 31st May 2001 and has a 100TPD manufacturing plant situated in Goa.
    The Company is engaged in the manufacturing of Sponge Iron (DRI) since September 2002 and within a short period of four months the plant had achieved the optimum capacity utilization of 100%.
    The current sales turnover i.e. for the FY2005-2006 is Rs.35 crore.
    The Company has no accumulated losses as at March 31, 2006 and, it has not incurred any cash losses in the financial year ended on that date or in the immediately preceding financial year.
    The Company is accredited with ISO 9001:2000 for Quality Management System.
    The promoters are settled in Goa for the last several years.
    They are also engaged in the secondary steel sector namely steel re-rolling mills, induction furnaces, and trading in steel products. The present activities of the promoters are synergic to the activities of the Company manufacturing Sponge Iron.

    The plant is having a production capacity of 100TPD and is designed on Coal based manufacturing technology of Lurgi / Popuri. The plant consists of the following sections:
    1) Raw Material Preparation.
    2) Stock House.
    3) Rotary Kiln being main processing equipment.
    4) Product separation.
    5) Ventury Scrubber System.
    The control room equipped with DCS (Computerized) has been provided for overall control of plant operation.
    The plant uses iron ore, coal as raw materials. By-product generated from the operations is coal-char, which has considerable residual fuel value and is being sold in the market for use as a fuel in the Brick manufacturing kiln.
    The plant can be classified in the category of primary metallurgy sector. The plant generates sponge iron having 90% total Fe as the end product and same is used as raw material for induction furnaces as well as Arc furnaces for manufacturing of Mild Steel as a substitute or supplement of melting Mild Steel scrap. Due to non-availability of good quality scrap at reasonable cost and suitability of coal based sponge iron for reduction of carbon and homogeneity of the end product (i.e. Mild Steel ingots / billets), the use of sponge iron by these furnaces has gone up to 70% of the total input. It has given a fillip-up to the demand for sponge iron.
    The Company is the first Sponge Iron manufacturing plant based on Coal technology in the western zone (i.e. Goa & Maharashtra).

    The location has got many advantages as under:
    1) Proximity of source of raw material – Goa-Karnataka belt is the second largest producer of iron ore after Bihar-Orissa-MP-Chattisgarh belt.
    2) Proximity of Marmagao port for facilitating import of coal as well as for coastal transport.
    3) Goa has been declared an industrially backward state and all industrial units set-up in the state by or before 31.03.2002 shall be eligible for 100% income tax deduction (Sec. 80IB) for 5 years and 30% deduction for a further period of 5 years thereafter.
    This plant offers a very good prospect for further harnessing of electrical power at a lower cost in view of using hot air emitted by the production process as a fuel in the power generation boilers.
    The Company enjoys a sizable facility in the nature of Cash/Credit Limit and Letter of Credit Limit and has strong track record of timely repayment of all its finance obligations and thus enjoys excellent rating with the Bank.

    The basic details of the Sponge Iron manufacturing plant are as under:
    1) Total area of the plot : 55,900 sq.mtrs.
    2) Total area of the plant (built-up) : 34,000 sq.mtrs. approx
    3) Total covered buildings area : 2,804 sq.mtrs.
    4) Total length of the boundary wall : 867 mtrs.
    5) Connected Load capacity from the Electricity Department : 750 KVA
    6) Stand-by Diesel Generator capacity : 500 KVA
    7) Total plant capital block as per latest Balance Sheet : Rs.14.27 crore
    8) The total strength of the employees – Company’s employees : 99 Nos., Contractors employees : 48 Nos.
    2005-2006 2004-2006
    Gross Sales 35,28,38,972 42,94,66,047
    Net Income 30,61,72,041 38,79,80,326
    Total Expenditure 29,30,49,457 30,32,11,835
    Profit before Tax 1,30,51,404 8,45,05,043
    Profit after Tax 1,34,19,268 7,76,92,691
    Earning per Share 53.68 310.77
    Dividend 165%

    Minimum expected price for the total plant on ‘As Such Basis’ => Rs.20 crore

    With Regards,

    Anand
    09898368183

  6. SKR POWER ENGINEERING,ORRISA
    Posted August 25, 2010 at 6:55 pm | Permalink

    We are one of the best consultancy group.
    generally we are dealing with sponge iron production contract,SMS contract,hot rolling mill contract.
    Please contact us for related topic,we assure you best service ever.

    SARWAR
    9883460023

  7. Atul Kumar saxena
    Posted October 16, 2010 at 9:13 am | Permalink

    I am interested in taking process of 100 tpd kiln on contract basis

  8. M.AMRUTH RAO
    Posted October 20, 2010 at 2:58 pm | Permalink

    We Milara Engineering & Consultancy Services, are based in Bellary,karnataka,India.
    Basically we provide technology for Sponge Iron Units.
    One Sponge Iron Plant of 2 X 100 TPD capacity is for immediate sale. Any one intrested may contact the undersigned.
    With regards.
    M.AMRUTH RAO
    CONSULTANT
    M/S MILARA ENGINEERING & CONSULTANCY SERVICES,BELLARY
    CELL NO: 08105817780/+919010155584
    MAIL ID :milara@rediffmail.com

  9. M.AMRUTH RAO
    Posted December 16, 2010 at 3:55 pm | Permalink

    RIGHT NOW WE HAVE SOME SPONGE IRON UNITS WHICH ARE IN GOOD AND RUNNING CONDITIONS ARE FOR IMMEDIATE SALE.INTERESTED PARTIES MAY CONTACT US AT THE EARLIEST. OUR MAIL ID:milara@rediffmail.com/contact CELL NO: 08105817780/+919010155584

  10. joy
    Posted June 22, 2011 at 9:05 am | Permalink

    We have a 500 acres of land + steel plant for sale in South India. Steel plant is producing bars and billets and is running well. Pls contact me at 09388111201 or email in joy@wavemt.com for more details

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