Vaswani Industries Limited Stock

Vaswani Industries Limited is an India-based company engaged in the business of manufacturing and trading of Iron ore pellets, sponge iron, steel billets, HB wires and generation of power. The Company's segments include Iron & Steel, Power, Real Estate and Agri Products. Its products include sponge iron, and forging ingots and billets. Its forging ingots include square and fluted types. Its forging billet/bloom is available various grades, including En9, En8, En42 or, any other carbon steel grade. It is manufacturing coal-based sponge iron using three indigenously developed rotary kilns, with a capacity of approximately 90000 metric tons (MT) along with a waste heat recovery boiler (WHRB) with a generation capacity of about 11.5 megawatts (MW) power and a steel ingot/billet plant of approximately capacity 59400 MT. The Company sells nine MW to Chhattisgarh State Electricity Board, and Lanco Electricity Utility Limited, Haryana. It uses the remaining 2.5 MW for home production/captive.