Vikash Metal and Power Limited
Vikash Metal & Power Limited (Vikash Metal & Power) is an India based company engaged in trading in dolomite and iron and steel products. It operates a sponge iron plant at Purulia, West Bengal with a capacity to produce 65,000 tonnes per annum (TPA). The company also entered into the business of trading in coal. Moreover, Vikash Metal & Power is also focused on setting up a mini integrated steel plant at Poradiha, Purulia to produce 1,30,000 TPA of sponge iron; 57,000 TPA of mild steel billets; 48,000 TPA of thermo mechanically treated bars; 15,400 TPA of ferro manganese and 10 MW of captive power.The company reported revenues of (Rupee) INR 5,962.74 million during the fiscal year ended March 2009, an increase of 78.51% over 2008. The operating profit of the company was INR 101.83 million during the fiscal year 2009, a decrease of 47.22% from 2008. The net profit of the company was INR 65.13 million during the fiscal year 2009, a decrease of 48.28% from 2008.