Bihar Sponge Iron
- Company typePublic
- Founded1986
- HeadquartersJamshedpur, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Bihar Sponge Iron firmographics
Firmographics- Name
- Bihar Sponge Iron
- Legal name
- Bihar Sponge Iron Limited
- Website
- https://bsil.org.in
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Bihar Sponge Iron industry classification
Industry- Product category
- Sponge Iron Manufacturing
- NAICS
- Iron and Steel Mills and Ferroalloy Manufacturing (33111)
- akta.pro primary industry
- Direct Reduced Iron (DRI) & Hot Briquetted Iron (HBI) Production (IMAKABAC)
Keywords
Where Bihar Sponge Iron is headquartered
LocationHeadquarters
- HQ city
- Jamshedpur
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Bihar Sponge Iron business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Sponge Iron Sales: Bihar Sponge Iron generates revenue through the production and sale of Direct Reduce Iron (sponge iron), which is sold to steel manufacturers for use in electric arc furnaces and induction furnaces as a substitute for imported and indigenous scrap
Go-to-market motion1 record
Distribution channels1 record
Bihar Sponge Iron product offering
Product offeringCore offering
Bihar Sponge Iron Limited manufactures Direct Reduced Iron (sponge iron) from indigenous iron ore and non-coking coal using Lurgi's SL/RN coal-based reduction process. The product is sold to steel manufacturers operating electric arc furnaces and induction furnaces as a domestic substitute and supplement for imported and indigenous scrap. The plant has an annual production capacity of 2.10 lakh metric tonnes and operates a 5 MW captive power plant.
Product overview
Bihar Sponge Iron Limited operates as a single-product manufacturer producing Direct Reduced Iron (sponge iron) as its core offering. The company operates a coal-based sponge iron plant with a production capacity of 2.10 lakh metric tonnes per annum, featuring a 5 M.W. captive power plant. The product is sold to steel manufacturers for use in electric arc furnaces and induction furnaces.
Differentiator
Problem solved
Functional benefit
Products and services
- Direct Reduced Iron (Sponge Iron) Direct Reduced Iron (sponge iron) produced from indigenous iron ore and non-coking coal using Lurgi's SL/RN coal-based reduction process. Sold to steel manufacturers operating electric arc furnaces and induction furnaces as a domestic substitute and supplement for imported and indigenous scrap. Annual production capacity of 2.10 lakh metric tonnes.
Quantifiable outcome
- Production capacity of 2.10 lakh metric tonnes per annum
- +1 more outcomes
Companies that use Bihar Sponge Iron
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Bihar Sponge Iron technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Bihar Sponge Iron partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Bihar State Industrial Development Corp. Ltd. (BSIDC)coreJoint sector promoter of Bihar Sponge Iron. BSIDC was a co-promoter alongside Modi Group, DEG, and IFC Washington during the company's founding in the joint sector initiative.
- Modi GroupcoreCo-promoter of Bihar Sponge Iron in the joint sector alongside BSIDC, DEG, and IFC Washington. Part of the founding consortium that established the company.
- Lurgi Metallurgy GmbH, GermanycoreProvided technical collaboration and licensed the SL/RN (coal-based) reduction process for Direct Reduce Iron production. The plant is based on Lurgi's coal-based process technology designed to produce 150,000 tonnes of sponge iron per annum.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Bihar Sponge Iron competitors and assessment
Company assessmentDirect peers
- Visa Steel (formerly Orissa Sponge Iron): Indian coal-based sponge iron and ferro chrome producer with similar merchant DRI operations; directly comparable as an eastern-India merchant DRI supplier facing the same cyclical dynamics.
- Gallantt Ispat: Coal-based sponge iron and steel producer with merchant DRI sales; comparable as a mid-cap Indian coal-DRI operator with similar customer targeting of EAF/IF steelmakers.
- Monnet Ispat & Energy: Indian merchant DRI and integrated steel producer with coal-based sponge iron capacity; comparable as a similarly-sized coal-DRI operator that has itself undergone debt restructuring under the IBC framework.
- Lloyds Metals & Energy: Indian coal-based sponge iron producer with merchant DRI operations and captive power; directly comparable for technology stack, customer base, and operational scale similar to BSIL.
- Sunflag Iron & Steel Company: Coal-based DRI producer and integrated steelmaker in central India; comparable for similar SL/RN-style coal reduction technology and merchant sponge iron sales to EAF customers.
- Jai Balaji Industries: Indian merchant DRI producer with coal-based sponge iron operations supplying EAF steelmakers; comparable for product mix, technology profile, and customer base in eastern/central India.
- Prakash Industries: Indian integrated steel and sponge iron producer with merchant DRI operations; comparable as a mid-sized coal-based DRI manufacturer selling into the same EAF/IF customer base in eastern India.
- Tata Steel Long Products (formerly Tata Sponge Iron): Tata Group's coal-based sponge iron producer with a comparable SL/RN/Kiln-based DRI operation in Odisha; directly comparable as an Indian merchant DRI manufacturer serving EAF/IF steelmakers with a single-product focus.
Broad incumbents
- Jindal Steel and Power: Large Indian integrated steelmaker with significant captive coal-based DRI/sponge iron capacity; comparable as a domestic coal-DRI producer though much larger and operating a fully integrated steel value chain.
Emerging players
- Electrosteel Castings: Indian iron-based manufacturer with DI pipe and ductile iron operations consuming significant sponge iron; relevant as a downstream customer-side comparator to understand DRI demand patterns and offtake dynamics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Bihar Sponge Iron financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bihar Sponge Iron leadership team
Management profileNumber of profiles
Profiles1 record
Bihar Sponge Iron funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bihar Sponge Iron M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bihar Sponge Iron
What does Bihar Sponge Iron do?
Bihar Sponge Iron Limited manufactures Direct Reduced Iron (sponge iron) from indigenous iron ore and non-coking coal using Lurgi's SL/RN coal-based reduction process. The product is sold to steel manufacturers operating electric arc furnaces and induction furnaces as a domestic substitute and supplement for imported and indigenous scrap. The plant has an annual production capacity of 2.10 lakh metric tonnes and operates a 5 MW captive power plant.
Is Bihar Sponge Iron a public or private company?
Bihar Sponge Iron is a public company. It is classified as public and is currently operating.
When was Bihar Sponge Iron founded?
Bihar Sponge Iron was founded in 1986. It employs 501 to 1,000 people.
Where is Bihar Sponge Iron based?
Bihar Sponge Iron is headquartered in Jamshedpur, India, in the Asia region.
How does Bihar Sponge Iron make money?
One revenue line is on record: sponge Iron Sales.
Who are Bihar Sponge Iron's main competitors?
Direct peers on record are Visa Steel (formerly Orissa Sponge Iron), Gallantt Ispat, Monnet Ispat & Energy, Lloyds Metals & Energy, Sunflag Iron & Steel Company, Jai Balaji Industries, Prakash Industries and Tata Steel Long Products (formerly Tata Sponge Iron). Jindal Steel and Power is listed as a broad incumbent. Electrosteel Castings is listed as an emerging player.
Does Bihar Sponge Iron have an API?
No public API is recorded for Bihar Sponge Iron.
What industry is Bihar Sponge Iron in?
Bihar Sponge Iron's product category is Sponge Iron Manufacturing. Its primary akta.pro industry code is IMAKABAC, Direct Reduced Iron (DRI) & Hot Briquetted Iron (HBI) Production. Its NAICS code is 33111.