Last updated on January 16, 2023
Chaman Metallics IPO description – Incorporated in 2003, Chaman Metallics is primarily engaged in the business of manufacturing and selling of Direct Reduced Iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces.
The company’s manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land. The unit has a capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron through two Rotary kilns as of 31 March 2022.
The company sells its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. During the production of sponge iron, a solid waste is produced as a by-product called dolochar. For the FY 2022, its revenue from operations stood at INR 184.87 crore of which revenue from sponge iron, dolochar and…
