Bihar Sponge Iron
13.80
+0.65(+4.94%)
Market Cap₹124.46 Cr
PE Ratio8.83
Company Performance:
1D+4.94%
1M+23.66%
6M+8.66%
1Y+6.15%
5Y+447.62%
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More news about Bihar Sponge Iron
12Nov 25
Bihar Sponge Iron Reports Q2 Profit, Plans Waste Heat Recovery Plant Amid Legal Challenges
Bihar Sponge Iron Limited (BSIL) reported a net profit of Rs 386.48 crore for Q2, down from Rs 514.67 crore in the previous year. Total income increased marginally to Rs 7,200.81 crore. The company plans to install a Waste Heat Recovery Plant. BSIL faces legal challenges including a penalty from SECL and is seeking loan settlements with promoters and the Jharkhand government. Auditors have issued a qualified review report highlighting unprovided penalties and loan settlement matters.
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03Nov 25
Bihar Sponge Iron's Writ Petition Against SECL Coal Penalty Dismissed by Chhattisgarh High Court
Bihar Sponge Iron Limited's writ petition against South Eastern Coal Fields Ltd. was dismissed by the Chhattisgarh High Court. The dispute involves a Rs. 215.28 lacs penalty for short lifting of coal under a Fuel Supply Agreement from 2011-12. BSIL claims the financial impact is not material and is consulting legal advisors on next steps. The company's Board is set to meet on November 12 to approve Q2 and half-year financial results.
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15Sept 25
Bihar Sponge Iron Files New Writ Petition Against SECL Over Coal Supply Dispute Worth Rs 215.28 Lacs
Bihar Sponge Iron Limited (BSIL) has filed a new writ petition in the Chhattisgarh High Court against South Eastern Coalfields Limited (SECL). The dispute involves penalties of Rs 215.28 lacs imposed by SECL on BSIL for short lifting of coal during 2011-12. This action follows an unsuccessful attempt at resolution through a meeting directed by the court. BSIL claims SECL's General Manager did not adequately address their concerns. The company states that this legal dispute is not expected to materially impact its operations.
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04Sept 25
Bihar Sponge Iron Faces Rs 3.64 Crore Wage Claim from Ex-Employees
Bihar Sponge Iron Limited (BSIL) is facing a legal challenge as 18 former employees file a petition in the Labour Court, Jamshedpur, claiming unpaid wages totaling Rs 3.64 crore. The company received a notice on September 3, 2025, under the Payment of Wages Act, 1936. BSIL plans to contest the matter, stating it will have limited financial impact given the company's size. The company has disclosed this information to BSE in compliance with SEBI regulations, without recognizing the claim or confirming any amount.
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12Aug 25
Bihar Sponge Iron Reports Q1 FY2026 Results and Board Changes
Bihar Sponge Iron Limited (BSIL) announced Q1 FY2026 results with a 25.38% decrease in net revenue to Rs. 7,749.98 lakhs and a 42.59% drop in profit to Rs. 211.70 lakhs compared to Q1 FY2025. The company also approved key board appointments, including the re-appointment of Mrs. Kumkum Modi as Non-Executive Non-Independent Director and the appointment of M/s Soniya Gupta & Associates as Secretarial Auditors for five years. The auditor's review report highlighted qualifications regarding unprovided penalties, undisclosed loan settlements, and partial interest provision on a government loan.
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Bihar Sponge Iron
13.80
+0.65
(+4.94%)
1 Year Returns:+6.15%
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Bihar Sponge Iron
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