Chandil Power has ceased to be subsidiary company of Bihar Sponge Iron. Chandil Power was a subsidiary of Bihar Sponge Iron by virtue of the Companies Act, 1956. With effect from September 29, 2014, Chandil Power cease to be subsidiary company of Bihar Sponge Iron. The board considered the matter and took note of it in the meeting held on November 14, 2014.
Bihar Sponge Iron’s principal activity is to manufacture and market sponge iron. The sponge iron is used by secondary steel producers for producing long products for meeting the demand of the construction and infrastructure sectors.
