Corporate Insolvency Resolution Process (CIRP)

THE GROUP

The SKP Group is promoted by well-known figure in Ferro Alloys and Steel Industry, Mr. S. K. Patni. The group is successful in all the diverse aspects of business – Manufacturing, Trading, Import & Export. It is one of the largest merchant producers of High Carbon Ferro Chrome, Silico Manganese, Ferro Manganese & Ferro Silicon in India and exports 70% of Ferro Alloys manufactured to countries all over the globe. The group is diversifying into Stainless Steel and Power sector, followed by Cement.

 

Ankit Metal & Power Ltd.

A diversification of the group into Steel-making, Ankit Metal & Power Limited was floated in 2005 as an Integrated Steel Plant to produce 100,000 mtpa of Rolled products comprising of Sponge Iron, Steel Melting Shop, Billet Concasting and Rolling Mill along with 12.5 MW Captive Power Plant. The Company’s ANKIT-TMT BARS are well accepted in the state. Presently, AMPL is an Integrated Steel Plant comprising of: (i) 1,05,000 TPA Sponge Iron Plant (ii) 121,890 TPA Billet Casting Plant (iii) 100,000 TPA Re-Rolling Mill (iv) 8.5 MW Waste Heat Recovery Based (WHRB) captive power plant (v) 4 MW Atmospheric Fluidised Bed Combustion (AFBC) based captive power plant (vi) 5.5 MVA sub- merged arc furnace with a capacity of 12,325 MTPA (vii) Stainless Steel Billets - 36,000 TPA SKP Overseas Pte. Ltd. SKP Overseas Pte Ltd, Singapore, is a wholly owned subsidiary of Rohit Ferro-Tech Ltd, and investment arm incorporated in Singapore. It has got a 60% economic interest in Coking coal asset - 5 million mt and 60% economic interest in Thermal coal asset - 20 million mt in Indonesia.

 

 
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