Last $30.85 USD
Change Today +0.52 / 1.71%
Volume 0.0
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As of 9:29 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

orissa sponge iron & steel (504864) Snapshot

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52 Week High
03/4/14 - $33.80
52 Week Low
05/8/14 - $26.55
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orissa sponge iron & steel (504864) Details

Orissa Sponge Iron & Steel Limited manufactures and sells sponge iron primarily in India. It also generates and sells power from waste heat; and manufactures and sells steel billets, as well as provides engineering and technical services. The company was formerly known as Orissa Sponge Iron Limited and changed its name to Orissa Sponge Iron & Steel Limited in November 2005. Orissa Sponge Iron & Steel Limited was incorporated in 1979 and is based in Kolkata, India.

519 Employees
Last Reported Date: 09/4/14
Founded in 1979

orissa sponge iron & steel (504864) Top Compensated Officers

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orissa sponge iron & steel (504864) Key Developments

JSW Steel Reportedly In Talks To Acquire Orissa Sponge And Odisha Unit Of Bhushan Steel

JSW Steel Ltd. (BSE:500228) is in talks to buy Odisha steel unit of Bhushan Steel Limited (BSE:500055) and is also looking at buying out promoters' stake in Orissa Sponge Iron And Steel Limited (BSE:504864), reported Economic Times. A source said that total enterprise value for the deal is being worked out at INR 300 billion. Promoters of Bhushan Steel have been trying to find ways of bringing down the debt levels but may not be convinced about selling the Odisha unit. Sajjan Jindal, Chairman and Managing Director of JSW Steel said, "For the time being, plans for India are much stronger and larger. We want to focus on India. We have deferred our decision to invest in the Italian project." Bhushan Steel's spokesperson denied any such development which JSW Steel's spokesperson said, "We do not comment of market speculation."

Orissa Sponge Iron And Steel Limited, Board Meeting, Nov 14, 2014

Orissa Sponge Iron And Steel Limited, Board Meeting, Nov 14, 2014. Agenda: To consider quarterly results.

Orissa Sponge Iron And Steel Limited, Annual General Meeting, Sep 26, 2014

Orissa Sponge Iron And Steel Limited, Annual General Meeting, Sep 26, 2014., at 11:00 Indian Standard Time. Location: Hotel Swosti.


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