BIHAR SPONGE IRON LTD. SHARE PRICE [LIVE]

BSE: INE819C01011   NSE: BIHSPONG   SECTOR: Iron and Steel

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Frequently Asked Questions

What is the Share price of BIHAR SPONGE IRON LTD. (BIHSPONG)?

BIHAR SPONGE IRON LTD. (BIHSPONG) share price as of August 5, 2022, on BSE is Rs 8.82 (BSE).

Can I buy BIHAR SPONGE IRON LTD. (BIHSPONG) shares?

Yes, You can buy BIHAR SPONGE IRON LTD. (BIHSPONG) shares by opening a Demat account with Angel One.

How do I buy BIHAR SPONGE IRON LTD. (BIHSPONG) from Angel One?

BIHAR SPONGE IRON LTD. (BIHSPONG) share can be brought through the following modes:
  1. Direct investment: You can buy BIHAR SPONGE IRON LTD. (BIHSPONG) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to BIHAR SPONGE IRON LTD. (BIHSPONG) shares.

In which sector do BIHAR SPONGE IRON LTD. (BIHSPONG) belong?

BIHAR SPONGE IRON LTD. (BIHSPONG) belongs to Iron and Steel.

About BIHSPONG

Today's live share price for BIHAR SPONGE IRON LTD. is NSE: N/A, BSE: ₹ 8.82 with a current market capitalization of .

Incorporated at Patna, Bihar, on 16 Apr.'82, Bihar Sponge Iron is an Indo-German venture, promoted in the joint sector by Modi Industries, Modi Rubber and their associates, along with the Bihar State Industrial Development Corporation and Lurgi, Germany. The company produces sponge iron from iron ore (inst. cap. : 1,50,000 tpa). Sponge iron is a substitute for scrap which is used as a raw material in electric arc furnaces / induction furnaces. It has a technical collaboration with Lurgi, Germany, for technical know-how. In Aug.'90, the company came out with a rights issue. The company's net worth eroded more than 50% from the peak during the last four financial years, as a result, it was referred to BIFR and was declared sick. IFCI has been appointed as the operating agency, for preparing a rehabilitation scheme. The company is putting up a Captive Power Generating Unit, which will utilise the Coal Fines generated from the operations. The commissioning date of the plant has been changed from April 2001 to March 2002. It has also commissioned 5 MW captive power plant during 2002-03.

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