HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Sunflag Iron and Steel Company is a prestigious unit of the Sun Flag Group incepted in 1989. It has set up a state-of-art integrated plant at Bhandara, India. The plant has a capacity to produce 200,000 tonnes per annum of high quality special steel using iron ore and non coking coal as basic inputs.

The plant comprises a 1,50,000 tonnes per annum Direct Reduction Plant, to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement; a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace, quick roll-changing facilities, a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages.

Within a short period of its inception, Sunflag Steel has established itself as a major global force. This modern complex pulsating with world-class technology, expert human resources and a commitment to excellence, has created a distinct niche in spring steel and attained the position of market leader in the segment. Today Sunflag Steel has also embarked on an export thrust and is regularly receiving prestigious orders from Japan and many other Far East, Afro-Asian and Middle-East countries.

The ASM commenced production in the year 1997, enabling Sunflag to expand its product range upto 90 mm dia Rounds; 75 mm RCS and upto 120x25 mm Flats. Production capacity of rolled product is also enchanced by 60, 000 MT. per annum. In order to save energy, a captive power plant of 15 MW capacity has already been comissioned using waste gases.

In 2010 Company  entered into a technological pact with Japanese steel firm Daido Steel.

Product range of the company:

Sunflag Steel is accredited with the ISO-9002 Quality mark, backed up with sound management practices and a highly motivated team. It is a small wonder the Sunflag products are exported to a number of countries.

Market Cap	2,674 Cr	ROE	16.7%
P/E Ratio(TTM)	2.4	EPS(TTM)	0.0
P/B Ratio	1.1	Dividend Yield	0.0%
Industry P/E	24.6	Book Value	137.3
		Face Value	10.0

Fundamentals