The company was originally incorporated as “Chaman Metallics Private Limited” on November 10, 2003 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Further with effect from March 12, 2007 the Registered office of the company has been changed from R-3, Yugdharam Complex,27, Central Bazar, Nagpur, Maharashtra to A-26, M.I.D.C, Tadali Growth Centre, Tadali, Chandpur, Maharashtra. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 22, 2008, the Company was converted into a Public Limited Company and the name of the Company was changed from “Chaman Metallics Private Limited” to “Chaman Metallics Limited” vide a fresh certificate of incorporation dated April 22, 2008, issued by the Registrar of Companies, Maharashtra, Mumbai.

Incorporated in 2003, the company is primarily engaged in the business of manufacturing and selling of Direct Reduced Iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. Through its sponge iron business, the company caters to the metallic requirements of steel producers in selected geographies. The company was under the control of MSP Group from 2006 to 2019. In 2019, the company was acquired by Raipur-based GR Group which is in steel business since 1996. The company’s business operations are organized synergistically, and it derives benefits after its acquisition by GR Group, which operates in various segment of steel i.e. Ferro alloys, Sponge Iron, MS Ingots and re-rolled products. The company’s manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land. The strategic location of its sponge iron manufacturing facility aids its access to high-quality iron ore, iron ore pellets, coal and dolomite which are the major raw materials for sponge iron manufacturing. During the production of sponge iron, a solid waste is produced as a by-product called dolochar.

The company has been granted ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems. The company’s manufacturing facility is equipped with requisite technology and infrastructure including machineries, testing laboratory other handling equipments to facilitate smooth manufacturing process. The key raw materials to produce sponge iron are iron ore/iron ore pellets, coal and dolomite. Sponge iron manufacturing is highly sensitive to raw material characteristics that would help obtain the rated capacity and the desired product quality. To ascertain the suitability of its raw materials in a rotary kiln, it has in-house testing laboratory that is responsible for conducting tests on raw materials i.e. coal, iron ore and dolomite to check their chemical and physical properties, so as to ensure that the product conform with the pre-determined standards.

Business area of the company

The company is primarily engaged in the business of manufacturing and selling of Direct Reduced Iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces.

Major events and milestones

2003: Incorporation of the Company as “Chaman Metallics Private Limited” under the Companies Act, 1956.

2005: Commencement of Commercial Production at Chandrapur factory unit.

2007: Change in Registered office of the Company from Nagpur, Maharashtra to Chandrapur, Maharashtra.

2008: Conversion of Company from Private Limited to Limited Company i.e. “Chaman Metallics Private Limited” to “Chaman Metallics Limited”.

2008: Purchase of land in Chandrapur District, within the limits of Grampanchayat, Yerur.

2019: Acquisition of “Chaman Metallics Limited” by current promoters and promoter group pursuant to Share Purchase Agreement dated March 14, 2019.

2019-20: Crossed Revenue of Rs 50 crore.

2020-21: Crossed Revenue of Rs 100 crore.

2021-22: Crossed Revenue of Rs 175 crore.