Sponge iron is the product created when iron ore is reduced to metallic iron, usually with some kind of flux at temperatures below the melting point of iron. Sponge iron is used as a raw material, substituting and supplementing indigenous and imported scrap for making steel in electric arc furnaces and induction furnaces. It is used as a constituent in manufacturing steel and steel related products.
Kanishk Steel Industries Ltd., an ISO 9001:2000 certified company listed in BSE. Kanishk Steel is promoted by late Shri. O.P Gupta, who has established steel related business in Tamilnadu. Kanishk Steel Industries Ltd., has a turnover of Rs.273.93 crores and the group turnover is of Rs.500 Crores. Kanishk Steel employs around 450 people.
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