| Our company was incorporated under the Companies Act, 1956 on July 22, 2003 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh and we obtained Certificate of Business Commencement on February 10, 2004. Our CIN is U28939C82003PLC015964. The company was established with the object of manufacturing of Sponge Iron, Steel Billets and captive power generation. We are presently engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.
Our Company has manufacturing facilities in an industrial area at Sondra Village, 14 km from Raipur railway station. Our company installed first kiln of 1x100 TPD sponge iron in the year 2004-05 and commissioned the production immediately thereafter. In the year 2005-06, we expanded the capacity to 2x100 TPD due to increased demand. In the year 2009-10, we further expanded the capacity by installing 1x100 TPD and the total capacity of Sponge Iron was enhanced to 3 x 100 TPD.
Besides this, we had also installed 3 Induction Furnaces in the year 2007-2008 with a capacity of 59400MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron.
Apart from this, we have also commenced power generation of 7.5 MW in the year 2007-08 (5 MW from Waste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. Our power generation capacity was enhanced to 11.5 MW (9 MW from WHRB and 2.50 MW from Coal) during the year 2010-11. In the year 2009, our company started selling surplus power generated to private power companies namely Lanco Electric Utility Limited and Others as well as State Electricity Board namely Chhattisgarh State Electricity Board.
Key Events Milestones
Milestone achieved
2003-2004
Incorporation of the company with Authorized Capital of Rs. 300 Lacs
2005-2006
Kiln I of the sponge iron unit commences production
2005-2006
Kiln II of the sponge iron unit commences production
2007-2008
Commencement of production of Steel (Ingots, Billets, etc)
2007-2008
Commencement of generation of Power (7.50 MW)
2010-2011
Kiln III of the sponge unit iron commences production
2010-2011
Commencement of additional generation of Power (4MW)
2011
-Vaswani Industries has given the Bonus in the Ratio of 1:4
2016
-Vaswani Industries Ltd has informed that the company has increased Authorized Share Capital of the Company from Rs. 30,00,00,000 (Rupees Thirty Crores) to Rs. 35,00,00,000 (Rupees Thirty-five crores only).
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