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Balasore Alloys limited
Cni Research Ltd, Aug 2010, Pages: 3
Balasore Alloys Limited (BAL), formerly known Ispat Alloys Limited is part of the renowned Ispat group of Companies, a major business house in the country, promoted by the Mittals. BAL is engaged in the business of manufacturing silicon and Ferro alloys. The group’s companies are spread across countries including Libya, Bosnia, Philippines, Azerbaijan and Uzbekistan. The other Group Companies in India are Ispat Industries Limited, Ispat Metallic India Ltd., Ispat Profiles India Ltd., Gontermann Peipers India Ltd., Etc.
Company has 5 furnaces with total capacity of 57 MVA to produce 1, 00,000 TPA bulk Ferro Alloys per annum. With multiple furnaces of different capacities, the company has the flexibility to produce different types of Ferro Alloys as per market dynamics. This adds to the competitive advantage of the organization as different product mix can be maintained at the same time even with low quantity.
Company has captive mines in different locations like Chromite ore mines in Sukinda Valley at Jajpur Road (Orissa), Manganese Ore Mines in Hathoda (M.P.).The mines take care of the Chrome ore requirement of the company. BAL is one of the very few Ferro Alloys manufacturing companies in the country having captive mines and this is a major competitive advantage since availability of Chrome ore is very uncertain and the price is also exorbitant.
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