Thursday, September 28, 2023
HomeKarnatakaSK Steeltech is setting up a Rs. 120 crores Sponge iron Plant...

SK Steeltech is setting up a Rs. 120 crores Sponge iron Plant in Koppal

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M/s S.K. Steeltech Private Limited is constructing a “Sponge Iron Plant of 200 TPD (100×2) and a Captive Power Plant (Waste heat recovery boilers-WHRB) of 5 MW”, with an investment of Rs. 120 crore. The facility will employ about 190 persons.

The plant is being built on a 42 acres plot at Halavarthi Village located in Koppal District. 

SK Super TMT Steel

What is a Sponge Iron plant?

A sponge iron plant, also known as a direct-reduced iron (DRI) plant, is a facility where iron ore is converted into a metallic iron product known as sponge iron. This process is called direct reduction because it does not involve the use of coke or coal, which are typically used in traditional iron-making processes such as blast furnaces.

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Sponge iron has several applications, including as a raw material in electric arc furnaces (EAFs) for steelmaking, as well as in the production of iron-based powders used in industries like automotive and construction.

About the company

The Company was incorporated under the Companies Act 2013 with the main object of manufacturing steel. M/s SK Steel is presently engaged in the manufacture of TMT Rods with the brand name “SK SUPER ” at its manufacturing facility at Nelamangala. 

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