Shri Hare-Krishna Sponge Iron

Established in 2003, Shri Hare-Krishna Sponge Iron Limited is primarily involved in manufacturing and selling Sponge Iron, a vital raw material for steel producers in specific geographical areas. The company is planning to install a captive power plant on its premises using proceeds from its public issue to generate its own electricity and reduce costs. It holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health and safety management systems, ensuring standardized operations. Its core product, sponge iron, is used for steel production in electric arc and induction furnaces, catering to the metallic needs of various steel manufacturers. During the production of sponge iron, the company also produces a solid waste by-product called dolochar, which is used in making steel billets and ingots. A significant portion of its revenue is dependent on a few key customers, with its top five clients accounting for 76.25% of its operational revenue.;