Latest figures from AR (2022-23)
| Current FY (2022-23) MT. | Previous FY MT. | % of Total Turnover | |
|---|---|---|---|
| Sponge Iron | 32,688 | 38,706 | 21% |
| Pig Iron | 33,682 | 20,111 | 23% |
| MS Billet | 35,100 | 27,467 | 6% |
| TMT Bars | 29,180 | 22,389 | 46% |
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The Company has generated 28,252 MW of power (Net) from CPP, which was captively consumed during the year compared to the PY figure of 25,215 MW (Net). During the year 19,265 MW Power (PY 16,596) was generated from steam generated through WHRB and 8,987 MW Power (P.Y. 8,619) from steam generated through AFBC.
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Management Salary: 1.2 cr. (Net Profit: 26 cr.)
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Sponge iron & pig iron are intermediate products as sources of metallics for electric steel making. Another source of metallics is steel scrap. The Sponge iron industry in India is divided into two types: those integrated with steel making and those in the merchant sector. Suraj Products Limited is slowly graduating from a merchant plant to a steel producer.
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The cost of iron ore and coal constitutes more than 80% of the cost of production. Therefore, the Company’s profitability depends on the market price of these raw materials. The only way to reduce the cost of iron ore and coal is to have captive mines for these raw materials, which the company does not have.
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Long-term borrowings have gone down from 31 to 21 cr.
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