Shri Hare-Krishna Sponge Iron Ltd To Commence Commercial Production in January 2026; Power Plant Project Postponed

Shri Hare-Krishna Sponge Iron Limited, a key player in India’s sponge iron manufacturing sector, announced that commercial production at its Raipur-based facility will commence in January 2026. The plant has an annual production capacity of 30,000 metric tonnes and is strategically located near essential raw material sources.

The company is currently in the process of setting up a 5 MW captive power plant intended to improve operational cost efficiencies and ensure reliable power supply. However, the commencement of this power plant project has been postponed due to procurement delays and other logistical challenges.

This postponement may temporarily affect operational efficiencies and cost structures in the near term. Nonetheless, management remains optimistic about ramping up sponge iron production to meet growing demand from steel manufacturers in the surrounding regions including Maharashtra, Madhya Pradesh, and Chhattisgarh.

Shri Hare-Krishna Sponge Iron has received all necessary environmental and quality certifications and continues to focus on expanding market share and strengthening customer relationships.

Key Highlights:

Commercial production set to begin in January 2026 at Raipur manufacturing plant

Plant capacity: 30,000 metric tonnes annually

Captive 5 MW power plant project postponed due to delays

Impact on power cost efficiency anticipated in the short term

Strong demand expected from steel manufacturers in key regional markets

Company holds ISO certifications ensuring quality and environmental compliance

Focus on operational ramp-up and market expansion

Shri Hare-Krishna Sponge Iron Ltd is poised for growth while managing challenges in power infrastructure development.

Sources: NSE archives, Company website, Investor reports