The recent budget resolves to boost infrastructure projects by allocating funds to the tune of Rs. 48,000 crore towards EWS and Middle-Income Housing projects in urban areas. In FY22, demand for steel is expected to increase by 17 percent, driven by rising construction activities.
As for the rise in cost, making steel using scrap is no more profitable due to high prices of scrap. The volatility of prices of raw material such as coal and scrap causes the prices of TMT Bars to shoot up where one is required to rely primarily on the availability of iron ore for making steel.
Being a material used for the very foundation of the structure and in large quantity, client companies look at reliability, brand name, quality, strength, durability, flexibility and sustainability. Ease & promptness of delivery of products can be a concern for many. Sree Metaliks has established itself as a brand (SM Titan) in Orissa, Bihar & Jharkhand.
As an able TMT bar manufacturer, it is now penetrating into the markets in the entire northern belt including Delhi, NCR, Uttar Pradesh, Punjab, Himachal Pradesh & Rajasthan. Col Sanjiv Saklani, Director, Sree Metaliks says, “We provide fast movement of material from our well stocked depots that operate on a FIFO basis, preventing any oxidization of the product as well as test
reports ensuring the quality of our products to be in line with the BIS Standards. We employ the latest and the best technologies in manufacturing our product”.
Standing Out
Sree Metaliks manufactures TMT Bars with grades ranging from Fe 500 to 600+ in sizes ranging from 8 mm to 32 mm, based on the demand. Its chemical composition is in line with the IS -1786:2008 standards of the Bureau of Indian Standards giving the end products more elasticity and protection from rust. The Promoter of Sree Metaliks is Mahesh Kumar Agarwal who is a leader with a vision to turn dreams into reality. He established SML in the nineties and has an in-depth knowledge of the Mining & Steel Industry. His tenacity & resolve have taken Sree Metaliks to its current heights. SML also forges ahead with a team of experienced professionals.
Sree Metaliks today comprises of three large integrated Steel Complexes at Loidapada, Anra and Angul in Odisha, producing 1000 TPD Sponge Iron, 875 TPD Steel Billets, 400 TPD TMT Re-bars, 150 TPD Pig iron, 2000 TPD Pellets. The company has well maintained, manned and managed divisions for each product from washery to kilns, steel melting shops, rolling mills, blast furnace to oxygen plants, in-house workshops for fabrication, and own vehicles & equipment, making it self-sufficient in every way.
We provide fast movement of material from our well stocked depots that operate on a FIFO basis, preventing any oxidization of the product.
“SML is one of the best illustrations of a comprehensive, integrated, synergetic forward-n-backward linkage, catering to the entire end to end gamut of steel manufacturing, giving it an edge over competition”, mentions the Director.
Looking At The Future
Sree Metaliks is geared up to meet the demand in the coming days and the way forward has already been earmarked with doubling its production capacity. It has commissioned another rolling mill and has upgraded the blast furnace. “We are setting up a Beneficiation Plant at Keonjhar which will reduce wastage of mining ore by 20-30 percent. We are looking at commissioning a second Pellet plant. Our Angul plant is also under up-gradation with 9 MW Power Plant being installed, we are looking at infusion of technology in every aspect at all our plants”, concludes the Director.
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