Monnet Ispat and Energy Limited

Name: Monnet Ispat and Energy Limited

Sector: Iron & Steel

Sector Other:: Sponge Iron, Billets, Ferro Alloys, Pellets Structure/ TMT, Pig Iron.

Category: Other

Main Customer: Whole Seller

R&D Backup: In-house

Tin No.:

Parent Organization:

Ownership: Local


Type: Private

Type Other: NA

No. of employee: 2295

Area of Work: Company has also planned to increase the existing production capacity of our pellet plant at Raigarh from 2 MTPA to 2.50 MTPA within the next one year. The proposed expansion is expected to help your Company to reduce the cost of pellet production per tonne and to improve sales volume. In financial year 2019, steel production was 106.56 MT representing annual growth of 3.3 %.

Mission.: * To be an excellent corporate citizen * Human resource excellence * Customer delight and beyond

Vision: * To be an industry leader * To be an employer of choice * To set benchmarks in international excellence

Mandate: The Audit Committee of the Board of Directors is constituted in line with the provisions of Regulation 18 of the SEBI Listing Regulations read with Section 177 of the Companies Act, 2013. The Audit Committee is governed by Charter/terms of reference which is in line with the regulatory requirements mandated under section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI Listing Regulations.

Summary of Activities: During the year under review, the Companys revenue from operations was 1879.41 crores as against 1419.09 crores in the previous year. The Companys Profit Before Depreciation Interest and Tax (PBDIT) was 27.68 crores in the financial year ended 31st March, 2019 as opposed to PBDIT of 72.84 crores in the immediate preceding year. In August 2018, Monnet Ispat & Energy Limited (MIEL), has been acquired jointly by a consortium of Aion Investments Private Limited (AION) and JSW Steel Limited.

Exporter: Yes

Products Exporting: NA

Safety Measures: Yes

Security Certificate: NA

Corporate Social Responsibility (CSR) :

S.No. Year Net Profit CSR Budget CSR Expenditure Areas of Expenditure Details

Product(s) :

S.No. Title Quantity Details
1 Sponge Iron NA Sponge iron is formed through the reduction of iron ore to metallic iron through reaction with carbon in the form of coal, etc. at approx. 1100 degree Celsius. Sponge iron is also referred to as direct reduced iron, metalized iron, or hot briquetted iron. Sponge iron is used in the iron and steel industry as a substitute for scrap in induction and electrical arc furnaces. Over the years, the shortage of expensive melting scrap has made sponge iron a significant raw material for manufacturing high quality steel. In India, the abundance of Iron Ore deposits has led to absorption of the renowned by the Indian industry and use of ore lumps and fines has led to the country becoming the largest producer of sponge iron in the world.
2 Steel 1.5 MTPA MIEL is in the elite group of primary steel producers with a world class integrated steel plant at Raigarh that has a production capacity of 1.5 MTPA to produce HR plates, rebars and structure profiles to cater to the rapidly growing infrastructure & construction industry.
3 Monnet Steel TMT 1.5 MTPA Monnet Steel TMT is the Highest Quality & Strongest Primary TMT. We have TMT available in all dias. ranging from 8 mm to 32 mm. * Monnet is a part of an elite group of Integrated Steel Producers with a capacity of 1.5 Million Tonne per Annum. * State-of-the-art facilities with technologically advanced equipment at each stage of steel-making to ensure uniform high quality and strength across the length of the bar.

R&D Plan(s) :

S.No. Year Budget Need Plan Details
1 2018 NA Process/Know-How NA NA

Report(s) :

S.No. Year Type Title Link Detail
1 2019 Annual Report Annual Report Download Annual Report

Document(s) :

S.No. Year Link Detail
1 Annual Report Download Annual Report

Address(es) :

S.No. Primary/ Alternate Email Mobile/ Phone City/ State/ Country Detail
1 / / New Delhi/ Delhi / India Monnet House, 11, Masjid Moth Greater Kailash Part-II New Delhi- 110048

Contact(s) :

S.No. Name Primary/ Alternate Email Mobile/ Phone City/ State/ Country Detail
1 IND36 JYOTIN MEHTA / / New Delhi / Delhi India