Adhunik Alloys & Power Limited, a part of the Adhunik Group, located at Kandra in Jharkhand, is an integrated steel plant based on Sponge Iron Technology. AAPL has 2 x 350 TPD DRI Plant with an installed capacity of 220,000 M.T.P.A, a Coal Washery of 1,000 TPD, a 30 MW Captive Power Plant, 2 x 30 ton Induction Furnaces and a 2–strand Continuous Caster and Rolling Mill of 147,700 TPA.
The steel plant is based on green technology, where waste heat recovery of DRI and washery rejects are used to generate green power. The plant has its own Railway siding. The Company has also been allotted the North Dhandu Coal block in Latehar district, Jharkhand. Allotment of iron ore mines is in an advanced stage of necessary approvals and development. These resources are to be used on a captive basis for the production of steel.
AAPL has adequate land for setting up full–fledged steel manufacturing facilities. It is an ISO certified company and is concerned about the environment in and around the plant area. AAPL has also been granted license by the Central Electricity Regulatory Commission, New Delhi, for inter–state trading of electricity for selling the surplus power.
Driven by the growing demand for steel products for power & telecommunication sector, construction sector and heavy industry sectors in the country, the promoters signed an Memorandum of Understanding with the Government of Jharkhand to set up integrated steel plant in the state in phases. As per the initial plan the promoters have set up two DRI Kilns each of 350 tonne/day capacity which are in operation. The first kiln started production from 20th July 2005 and second kiln started production from 27th March 2006. After successful implementation of the initial phase, the group has taken up second phase of expansion plan viz. setting up of Integrated Steel Plant for production of high value added steel products, like Angles, Beams and Flats, to be utilized by the Power & Telecommunication industries and their ancillaries. The company has recently completed its second phase expansion as well by setting up 0.15 MT integrated steel plant supported by Direct Reduced Iron (DRI) plant with an installed capacity of 220,000 M.T.P.A., 30 MW captive power, private railway siding and a coal feed washery.
The Company has also been allotted North Dhandu Coal block at DistLatehar, Jharkhand. Allotment of iron ore mines is also at various stages of necessary approvals and development. With captive co–generation of power, private railway siding and captive iron ore and coal mining rights, the current expansion project shall assist in achieving low production cost, thereby allowing to withstand fluctuation in sales prices in future due to cyclic nature of steel industry.