Ashirwad Steels & Industries Limited, headquartered in Kolkata, India, specializes in the production of sponge iron and operates in two key segments: sponge iron and gas. Its primary manufacturing plants are located in Jamshedpur and Nalgonda, Andhra Pradesh. The company also engages in bottling liquefied petroleum gas (LPG) with facilities situated in Howrah, West Bengal, and Kisnapur, Chhattisgarh. Established in 1986, the company had a significant production capacity of 96,000 metric tons of sponge iron as of March 2010.
In fiscal year 2018-19, Ashirwad Steels & Industries made strategic decisions to divest several of its manufacturing units, including the sponge iron plant in Nalgonda and LPG bottling plants in Uluberia and Raigarh. The company successfully sold its Nalgonda sponge iron plant to MPL Steel Industries Pvt. Ltd. for Rs 18 Crores, completing the transaction in January 2019. These moves indicate a strategic pivot and reassessment of its operational focus.
