Vaswani Industries Ltd. Stock Analysis VASWANI.NS

Vaswani Industries Ltd. engages in the manufacture of sponge iron, steel billets, ingots and power generation. The company is headquartered in Raipur, Chhattisgarh. The company went IPO on 2011-09-20. The firm's segments include Iron & Steel, Power, Real Estate, and Agri Products. Its products include forging ingots/billets, sponge iron, and power. Its forging ingots include square and fluted types. The company has a capacity of producing 6000 metric tons (MT) of forging quality, casting one heat of 10 metric tons of material. The company also delivers different grades of carbon/ spring/ alloy steel products, such as EN-8, EN-9, EN-18, EN-19, C-45, Sup 9 and Sup 11. Its 03 Waste heat recovery boilers (WHRB), in the form of renewable energy from 100 TPD sponge iron kilns. The electricity generated in the captive power plant is used by the steel melting shop (SMS). Sponge iron is also known as direct reduced iron and it is the product of reducing iron oxide in the form of iron ore into metallic iron.