Adhunik Group, the Rs.4000 crore conglomerates, is one of the fastest growing groups in India. It is engaged in mining, steel, power, and value added steel products, catering to a vast and quality-focused customer base.
With a dependable and committed employees and a strong customer support, the Group has emerged as a steady performer, undeterred even during cyclical fluctuations and unsteadiness of the market. It has grown continuously, backed with strong financial performance.
The Group has steel manufacturing facilities in Orissa and Jharkhand. Besides, it has a chain of value-added products including carbon and alloy steel billets, auto-grade steel rolled products, rounds and flats (4,50,000 TPA), TMT bars and wire rods (1,50,000 TPA), sponge iron (5,10,000 TPA), pig iron (2,31,000 TPA), Ferro alloys products including Ferro manganese, Silico manganese, Ferro silicon (50,000 TPA) and stainless steel products (1,20,000 TPA).
The Group has embarked upon an ambitious expansion plan in the power sector. It is implementing a 540 MW power plant in Jharkhand which is on the verge of completion. The Group has also secured captive coal block for this 540 MW power It has an existing power generation capacity of 64 MW which is being captively consumed.
Adhunik Power and Natural Resources Limited (APNRL)has entered into a Memorandum of Understanding (MoU)with the Government of Jharkhand to set up a 1,080 MW coal-based Thermal Power Plant. As a first step towards this, the Company has implemented 540 MW (2x270 MW) power plant at villages Padampur and Srirampur in Seraikela-Kharsawan district in the State of Jharkhand. Plans are firmly in place to add another 2x270 MW in Stage-II.Unit-1 of Stage-I has achieved Commercial operation on 21stJanuary 2013 and Unit-2 on 12thJune 2013 subsequently.The Power Plant is in operation from last 4 years. The Project is about 20 Kms. from Jamshedpur city in Jharkhand State. Power from the project is being evacuated through Central Transmission Utility (CTU) substation i. e.Power Grid Corporation of India Limited(PGCIL), Ramchandrapur located very near to the Power Plant site. APNRL built this 2x270 MW power plant through awarding BTG and multiple BoP Contracts. M/s. Bharat Heavy Electrical Limited was the Engineering, Procurement and Construction (EPC) Contractor responsible for Boiler-Turbine-Generator package. All other Balance of plant (BoP) systems and civil works were executed through multiple BoP Package Contractors. M/s. Development Consultants Pvt. Ltd., Kolkata was Owner’s Engineer during the project development and execution stage. APNRL signed Fuel Supply Agreement for Unit-1 and Unit-2 with Central Coalfields Limited for the supply of Coal on Tapering Linkage basis. APNRL has signed Water Supply Agreement for the Power plant consumptive water with Government of Jharkhand for the supply of 40 cusec of water from downstream of Chandil dam from Subarnarekha River. APNRL has signed long term Power Purchase Agreement (PPA) directly with Jharkhand State Electricity Board (JSEB),West Bengal State Electricity Distribution Company Ltd (WBSEDCL) through Power Trading Company (PTC)and Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) through PTC. Further at various places, APNRL is planning to set-up Supercritical Thermal Power plant, which is in advance stage of planning and approval. APNRL is also aggressively planning to set-up the Renewable Power plant in various parts of India in coming years.
In the mining sector, it has iron ore and manganese ore mines in Jharkhand and Odisha, respectively. The Group has mining resources including iron ore, manganese ore, coal and lime stone which are the key inputs of production. The Group has also set up 1.6 Million Ton Pelletisation and Beneficiation Plant in Jharkhand to utilize the low grade iron ore fines and convert them into value added product Pellet.
Over the years the Group has shown robust operational results and has an excellent track record of growth and profitability.