Shri Hare-Krishna Sponge Iron has successfully commenced operations of its 3 Megawatt (MW) Waste Heat Recovery Captive Power Plant at its manufacturing facility. The new plant marks a significant step towards energy efficiency, cost optimization, and sustainable operations by utilizing waste heat generated during the manufacturing process. This development is expected to improve the company's operational margins and reduce its environmental footprint.

The company informed the National Stock Exchange of India Limited regarding the commencement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted on June 08, 2026, confirming the operational status of the facility located in Raipur, Chhattisgarh.

Expansion Plans

In addition to the waste heat recovery system, Shri Hare-Krishna Sponge Iron Limited is currently implementing a 2 MW Biomass Captive Power Plant project. The company stated that work on this project is progressing as scheduled. Operations for the biomass plant are expected to commence from July 2026, further augmenting the company's captive power generation capacity.

Project Overview

The filing was signed by Manoj Parasrampuria, Chairman & Managing Director, on behalf of Shri Hare-Krishna Sponge Iron Limited.

Shri Hare-Krishna Sponge Iron Limited has confirmed that its promoters and promoter group did not create any encumbrance on their shares during FY25-26. The disclosure, submitted to the National Stock Exchange of India Limited, was made in compliance with Regulation 31(4) and (5) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The declaration covers shares held directly or indirectly by the promoters, persons acting in concert, and the promoter group.

Manish Parasrampur, a promoter of the company, signed the disclosure on April 07, 2026. The filing explicitly states that no shares were encumbered throughout the financial year. This regulatory update provides transparency regarding the financial standing of the company's key stakeholders.

The filing included a comprehensive list of the promoter and promoter group entities. The list categorizes members into individual promoters and corporate entities within the promoter group.

Promoter and Promoter Group Details

The document was addressed to the National Stock Exchange and copied to the company's Company Secretary & Compliance Officer and the Audit Committee for information and necessary action.