Nova Iron & Steel

Nova Iron & Steel Limited is primarily involved in manufacturing and trading essential industrial materials like iron, steel, metals, and natural resources. The company's key strategic objective is to expand its production capabilities for future growth and achieve self-sufficiency in its operations. Operationally, the company focuses on structural cost reduction and closely monitors its supply chain to ensure manufacturing facilities operate smoothly. A core activity involves increasing its sponge iron production capacity, signaling a clear focus on scaling its primary product line. To support this goal, the company is also developing a Captive Power Plant of 26 MW in a phased manner. For the year, the company reported a total turnover of Rs. 563.80 crore from its manufacturing and trading business.;