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Last 230.10 INR
Change Today 0.00 / 0.00%
Volume 0.0
OSSI On Other Exchanges
As of 6:00 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

orissa sponge iron & steel (OSSI) Snapshot

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Day High
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52 Week High
07/16/15 - 259.00
52 Week Low
06/4/15 - 116.00
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Current Stock Chart for ORISSA SPONGE IRON & STEEL (OSSI)

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orissa sponge iron & steel (OSSI) Details

Orissa Sponge Iron & Steel Limited manufactures and sells sponge iron primarily in India. It also generates and sells power from waste heat; and manufactures and sells steel billets, as well as provides engineering and technical services. The company was formerly known as Orissa Sponge Iron Limited and changed its name to Orissa Sponge Iron & Steel Limited in November 2005. Orissa Sponge Iron & Steel Limited was incorporated in 1979 and is based in Kolkata, India.

519 Employees
Last Reported Date: 09/4/14
Founded in 1979

orissa sponge iron & steel (OSSI) Top Compensated Officers

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orissa sponge iron & steel (OSSI) Key Developments

Bhushan Steel Is In Advance Discussions To Acquire Stake In Orissa Sponge

Bhushan Steel Limited (BSE:500055) said that it is in advance discussions with promoters of Orissa Sponge Iron And Steel Limited (BSE:504864) (OSISL) and Monnet Ispat & Energy Limited (BSE:513446) (Monnet Group) to acquire the company and secure raw material for their ailing Odhisa plant. Bhushan Steel plans to acquire a controlling 59% stake in OSISL from its promoters, a Mohanty family and Monnet Group, said multiple sources directly involved, Economic Times reported. Bhushan Steel rallied as much as 10.09% in trade on March 31, 2015 after the news.

Monnet Ispat Plans To Sell Stake In Power And Sponge

Monnet Ispat & Energy Limited (BSE:513446) is gearing up for its largest ever consolidation and may be set to sell stake in power and sponge business, sources tell CNBC-TV18. Monnet Ispat is likely to sell 87.5% in Monnet Power Company Limited and 35.2% in Orissa Sponge Iron And Steel Limited (BSE:504864). JSW Steel Ltd. (BSE:500228) is learnt to be talks to buy out these assets. According to sources, JSW Energy and The Tata Power Company Limited (NSEI:TATAPOWER) are eyeing Monnet Power. JSW is said to be willing to spend up to INR 40 billion for the power business. Monnet Ispat is looking to sell some stake in its power generation subsidiary, Monnet Power Company Limited, in which Monnet Ispat holds 87.5% stake. Monnet Ispat is currently engaged in preliminary discussions with five-six power utilities, including a foreign firm, for strategic part-stake sale. Sandeep Jajodia, Chairman and Managing Director of Monnet Ispat said, "We are looking for a strategic partner in Monnet Power. Five-six companies have evinced interest. One of them is a foreign firm. We are yet to decide on the percentage of stake dilution." However, Monnet Ispat denied having advance talks with any one company in particular. It also said that there is no such move regarding Orissa Sponge.

Orissa Sponge Iron and Steel Limited Announces Retirement of S. Ramakrishnan as CFO, Company Secretary and Compliance Officer

Orissa Sponge Iron & Steel Ltd. announced that the board of directors of the company at its meeting held on February 13, 2015, has transacted the following retirement of Mr. S. Ramakrishnan on January 31, 2015, he vacates the office of CFO, company secretary and compliance officer with effect from February 01, 2015.


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