Hot Briqutted Sponge Iron

Listing ID #4162389

We commenced our journey during 1990 when we were appointed marketing agents by Essar Steel Ltd., to market their product Hot Briquetted Iron ( HBI). At that time HBI was introduced in India for the first time and we along with the Engineers of Essar went door to door to sell the product and also educated the user by conducting Trials and seminars. Our joint hard work earned good success and our HBI started selling like Hot Cake. We must have sold over 2 million tons of HBI during that period. We operated from our offices and warehouse located in Mumbai, Jaipur, Delhi, Faridabad, Ghaziabad, Muzzafarnagar, Mandi Govindgarh, Ludhiana, etc.
During 1996 we took dealership from Essar to sell H R Coil, Sheets and Plates. Accordingly, we dealt is these products and were quite successful. During 1998 we were appointed by M/s.Ispat Industries Ltd., for marketing of H.R.Coil, Sheet, and Plates etc. Since then, we have been marketing their products in the western part of India. We are one of their leading dealer of their products. We have been selling around 1, 00,000 MT. of H.R.Coil/Sheets/Plate each year for over last 15 years. We also import these products from Ukraine, China, Russia , and Iran on regular basis. We have the required finances and own logistics to deal in such high volume. We endeavour to be the largest stock holder of flat products in India.
We diversified into manufacturing and during 1998 set up a unit to manufacture Structural Products like Angle, Channel and Beams. We had an Induction Furnace to make Ingots and then roll these Ingots into Angles.etc in a Rolling Mill. We branded our products by the name “VENKATESH”, and slowly our name was quite popular in Indian market. During 2007 we disposed of both the units.
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During 2006, we set up a modern and sophisticated Steel Service Centre near Pune to process Mild Steel and Stainless Steel H.R.Coil, Sheets, Plates, etc. We have installed modern and sophisticated machinery for processing of steel coils like de-coiling, slitting, shearing, blanking, oiling, pickling, etc. We can process over 20000MT in a month and have complete infrastructure and storage area for such large quantity. Couple of years back, we installed many new machineries like CNC Plasma cutting machines, CNC Press Brake, 4 Roll Rolling Machine, etc. to manufacture Auto Components, Heavy Earthmoving equipment parts, Multi level car parking parts, Truck, Trailers and Tipper parts, etc. We cater to complete requirement of user industry. Our location is very prime and in the midst of the Auto hub of India. Our Shop floor area is over 60000 sq ft. In two Bays and each bay having 2 Nos. 30mt EOT cranes for easy handling.
we have arrangement with an International DRI (Sponge Iron) manufacturer for import of DRI into India. We have already imported good quantity of DRI in containers and have been importing DRI on regular basis.
Recently we have been given responsibility to procure Iron Ore Pellets from India. We have been working on this proposal for couple of months and have been actively involved in sourcing of Iron Ore Fines and getting it converted into Pellets on job work basis. We have met couple of Pellet producers and are working with them closely to finalize the conversion arrangement. We have adequate knowledge of Iron Ore and its logistic arrangements. We also import HBI from Ukraine on regular basis and have ready availability of HBI for supply user industry for their requirement of Melting.
Our group has adequate financial strength and is banking with the leading banks in India like Canara Bank , ICICI, Standard Chartered and Bank of Maharasthra. During the year ended 31.3.2013 our turn over from the activities mentioned above was in the region of Rs.800 Crores (USD 140 million). During the current year we are targeting a turn over of Rs.1000 Crores (USD 170 million).
We have decent experience in import export trade along with its logistic arrangement. We have gained adequate experience and knowledge in Iron Ore due to the fact that we are associated with all major steel producers in India namely M/S JSW ltd, M/S Essar Steel Ltd, M/s. Uttam Steel, etc., Our Vision is to become an Rs.2000 Crore (USD 300 million) Company by turnover in next 3 years. Our group has grown due to hard work, dedication, and honesty. We are thankful to our all business associates and our employees, without which we would not have succeeded and grown.