About Us

Shah Sponge & Power Ltd. was incorporated in the year 2005 with main object to establish blast furnace, sponge iron plant, power plant, steel melting shop and steel bars unit.

The company is promoted by Mr. Sumitra Kumar Shah, Mr. Shyam Sunder Shah and Mr. Raj Kumar Shah. All are directors in the company. Promotors are established and well known businessmen of Chaibasa.

The company is having its registered office at 7, Grant Lane, Ganpati Chambers, Room No.310, Cabin No.5, Kolkata – 700012 (W.B.) and administrative office at Holding No. 18, 2nd Floor, Padmalaya Building, Ram Mandir Shop Area, Bistupur, Jamshedpur – 831002. The company’s registration no. U27100WB2005PLC134108 and Permanent Account Number (PAN) is AAKCS0068H.

During financial year 2009-10 the company added 100x1 DRI Sponge Iron Plant at a project cost of Rs.12 crores.

The company is setting up a new Induction furnace of 15 MT which will be expected to start from 1st of January 2022

The company is growing every year. Its turnover increased from Rs. 44.69 crores in the year 2011 to Rs. 415 crores in the financial year 2018-19.

Sri Shyam Sunder Shah, B.Com, aged about 67 years is having rich experience of more than 40 years, is the promoter of the company.

Sri Sumitra Kumar Shah is son of Sri Raj Kumar Shah, aged about 36 years, is a businessman, who has confidence to take on the challenges of the new projects. He is a Master of Business Administration in Labour Relation from Australia. He is independently handling the affairs of SSPL.

Shah Sponge & Power Ltd (SSPL) has set up its semi integrated steel plant to manufacture PIG Iron, sponge iron and M.S. Billets with 15 MW of captive power plant at village Juri at Hata which only 17 km from steel city Jamshedpur. The company has set up 2X100 TPD Sponge iron Plant, 25 cubic Meter Blast furnace, and 8 MW power plant at a project cost of Rs.180 crores and working capital of Rs.50 crores.

During financial year 2010-11 the company added 100x1 DRI Sponge Iron Plant at a project cost of Rs.12 crores.

During financial year 2010-11 the company added 100x1 DRI Sponge Iron Plant at a project cost of Rs.12 crores.

During financial year 2017-18 the company added 100x2 DRI Sponge Iron Plant at a project cost of Rs.25 crores.

The company is setting up a new Fly Ash Bricks & Block Making Plant having production capacity of 1.40 lakh bricks per day which will be expected to start from 1st September 2021

The affairs of the company is handled by Mr. Sumitra Shah, whole time director of the company

Sri Raj Kumar Shah, B.A., aged about 65 years is brother of Sri Shyam Sunder Shah with decades of business experience.