In 2008, we incorporated a new company under the name of “Sundaram Steels Pvt Ltd” for manufacturing of Sponge Iron (reduced form of Iron Ore). We setup a rotary kiln plant on 25 acre Industrial Land at Bokaro Steel City, Jharkhand. Production has been started from April 2012. Since then, we are in continuously producing sponge iron. We have further expansion plan for this company also. We have taken environment clearance from Ministry of Environment for second kiln and an induction plant. The expected date of completion of this expansion would be around April’16. We are having currently yearly turnover of around 25 Cr. And it is expected to triple the turnover on the completion of proposed expansion.