About Sunflag Iron and Steel Company Limited

Sunflag Iron and Steel Company Limited was incorporated in 1984 and operates an integrated special steel plant at Warthi, Bhandara Road, Maharashtra, with facilities spanning sponge iron, mini blast furnace, sinter, steel melt shop, continuous casting, ingot casting, rolling mills, bright bars, and advanced annealing and testing labs accredited by NABL as per international standards. The company manufactures and sells special steel rolled products—flat bars, round bars, bright bars, and wire rods—across alloy, spring, bearing, valve, and stainless steel grades, supplying automotive, general engineering, railways, defence, aerospace, and construction sectors. It exports to 12 countries in South East Asia, North and South America, Africa, the EU, Japan, Taiwan, Australia, Switzerland, the UK, and Ireland, while serving 19 Indian States domestically as a pan-India supplier. The registered office is at 331, Mount Road, Sadar, Nagpur 440001, and shares are listed on BSE and NSE with FY 2024-2025 reporting on a standalone basis in the BRSR. The group includes subsidiaries and joint ventures such as Sunflag Power Limited, Khappa Coal Company Private Limited, Daido D.M.S India Private Limited, Ramesh Sunwire Private Limited, CT Mining Private Limited, Madanpur North Coal Block Private Limited, and ReNew Green MPR Three Private Limited, with Sunflag Foundation as a CSR company not consolidated; the company presents consolidated financials in Indian Rupees rounded to lakhs. Key milestones in FY 2024-25 include sustained development of high-alloy and specialty grades for import substitution, vendor approvals from VSSC, LPSC, HAL, BrahMos, and DRDO, and expansion into sectors requiring ESR, VIM, and VAR metallurgy aligned with national programmes.

Sunflag Iron and Steel Company Limited Business Segment

• Core activity: Manufacture of steel and steel products (NIC 241/243) contributing 100% of turnover on a standalone basis; product-wise mix: steel ingots and long products 92.75%, pig iron 5.04%, sponge iron 2.18% of turnover, all reported in the BRSR unit disclosures.

• Revenue: Consolidated revenue from operations was Rs 3,535.59 crore for the year ended March 31, 2025, with other income of Rs 16.52 crore; profit before tax was Rs 211.48 crore and net profit after tax was Rs 162.08 crore on a consolidated basis.

• Geographic split: Export contribution was 1.36% of standalone turnover; the company supplies pan-India (19 States) and exports to 12 countries; no domestic vs. international revenue percentages beyond this disclosure were provided, hence detailed split is not presented.
  

Sunflag Iron and Steel Company Limited Key Management

• Ravi Bhushan Bhardwaj — Non-executive Chairman.

• Pranav Bhardwaj — Managing Director; re-appointment approved by the Board for 5 years effective January 17, 2026, subject to members’ approval.

• Ramchandra Vasant Dalvi — Director Technical.

• CA Neelam Kothari — Director.

• Anand S. Kapre — Director.

• S. Mahadevan — Chief Financial Officer.

• CS Ashutosh Mishra — Head Company Secretary.
  

Latest Updates on Sunflag Iron and Steel Company Limited

• Entered a JV agreement to source 71.34 MW captive renewable power from a solar PV project for 15 years (extendable to 25 years), and a long-term PPA for an additional 11 MW with Sunsure Solarpark Thirty Seven Private Limited, supporting decarbonisation and cost optimisation.

• Strengthened strategic focus beyond automotive into defence, space, nuclear, and high-temperature alloys through ESR, VIM, and VAR capabilities and vendor approvals from VSSC, LPSC, HAL, BrahMos, DRDO, and global OEMs.

• Reported consolidated revenue from operations of Rs 3,535.59 crore and profit before tax of Rs 211.48 crore in FY 2024-25, with continued TPM initiatives for productivity and cost reduction.

• Secretarial Audit for FY 2024-25 reported compliance with applicable laws and no specific adverse events; Board composition remained balanced with timely processes.

• CSR spend met the 2% requirement with Rs 5.06 crore spent in FY 2024-25; no unspent amount remained for the year.