Orissa Sponge Iron & Steel

Orissa Sponge Iron & Steel Limited is a public company incorporated in India, operating within the iron and steel industry with manufacturing facilities located in Odisha. The company's core philosophy emphasizes conducting business with responsibility, fairness, and transparency to meet obligations to shareholders and all other stakeholders through ethical practices. Its business activities are consolidated under a single 'Iron & Steel' segment, though plant operations have been suspended since June 2012 due to unviable cost economics. Its primary operations include a coal-based Sponge Iron Plant, a Waste Energy Recovery based Power Plant, and a Billet making Plant. The company's future viability is largely dependent on securing raw materials from its own captive iron ore mines allotted by the government. Upon commencement of mining, the company aims to establish a project for the production of one million tonnes of steel, leveraging its existing infrastructure.;