As per latest Annual Report
FUTURE PLAN :
i) Installation of Super Alloy Steel making:
a) ESR-II (1.8 T Capacity) - Installed and under trail
ESR-I (22 T Capacity) - Installed and under trail production.
b) 6.5 T VIM is under commissioning.
c) 18T VAR order placed and expected at site by June, 2022.
ii) Other ongoing projects:
a) Downstream of Blooming Mill.
b) Installation of Ingot Annealing Mill
c) Installation of new Pickling Plant & IVD
d) Installation of Coil Spherodizing Furnace with new shed
e) Installation of LRF-3 and 4th Strand in CCM-1
f) Installation of Iron Ore Crusher Plant
g) Installation of Abrasive Saw Machine in BSM
h) Installation of Shot Blasting Machines for Rebar and Coils
i) Installation of Forging Plant
j) Installation of Quenching pipe for TMT rolling in BSM
Sunflag has commissioned its Super Alloy Steel manufacturing facility during the year under review and now shall be able to
cater to requirements related to Aircraft Parts, Armaments, Submarine Parts, Space Vehicle and Rocket Engines, Nuclear Reactor, Super-critical Power Plants, Industrial and Vehicle Gas Turbines, Petro-Chemical Plants and other High Temp and Corrosive Applications. This will enable the Company to reduce its dependency on automotive and auto ancillary industries and create opportunity for expansion and foray in new markets.
Besides this, the Government has recently announced Production Linked incentive scheme (PLI) for manufacturers of special alloy
steel which is an import substitute. This is expected to boost steel consumption.
Sunflag is already manufacturing certain grade of steel which are covered under the said scheme and would explore the
opportunity to avail benefit under PLI scheme.
Government has announced an investment of over 1 trillion in infrastructure over the next 5 years. This would be a key growth driver not only for steel industry but will also be a multiplier of growth across the sectors, boosting steel demand from sectors such as transportation, real estate and infrastructure.
Sunflag is committed to maintain its quality and has received appreciations and awards from various sources. With the
continuous efforts on making clean steel, now Company is focusing on expanding its market share in other segments viz. railways and
defence etc. This will protect the Company from dependency on Automobile sector.
exploring better opportunities in the years to come due to continuous developments of new grades of high alloy steel
as well as wire rod. Further, venturing into the self-dependency of raw materials will help in reduction in the cost of production and
enhancing the profitability. This has even proved advantageous during the recessionary period which is a very good sign for the
During the year under review, could see some material change in the top line and in profitability. Indian Steel industry has been driven by availability of raw material viz. iron ore, coal etc. and cost of labour. Consequently, the Financial Year under review
remained volatile during the year. Further, your Company with continuous development of new grades of steel and upgradation of plant and equipment, could maintain its presence in the market particularly in automobile industry. As a result, there was an increase in the sales and profit before tax. EBIDTAas a percentage to total income for the year was 13.53% as against 10.27% for the previous year.
In order to achieve effective cost reduction and improvement in productivity, activity of Total Productive Maintenance (TPM) continued to be implemented by the Company during the Financial Year 2020-21 under review.
List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or
a) Stainless Steels : Stainless Steels are 100% recyclable, environment friendly and with long life. Stainless Steel Rebars
were developed to achieve long life.
b) Steel for Turbine Blades : Turbine Blade steel is used in manufacture of steam turbines for Power Plants.
c) Steel for Defence : Sunflag is one of the major manufacturers of Steel for Bombshells for Defence
Management discussion is poor in the Annual report,
However from the accounting perspective I had found the Balance sheet very much informative as you can get details of all schedules.
Disclosure : Invested recently at levels of 80