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Last Updated on ' Jul 05, 2020 '
SAPL is a 0.5 MTPA Integrated Steel Plant for manufacturing of Pig Iron, Mild Steel and Alloy Steel Products at MIDC Lonand, Pune - Satara Highway, Maharashtra. The plant is set up at Lonand in District Satara 90 km south east of Pune city, State Maharashtra, INDIA. 175 acres land for the plant has been allotted by Maharashtra Industrial Development Corporation.Currently SAPL is producing Pig Iron through Blast Furnace route with installed capacity of 0.334 MTPA. The Blast Furnace is equipped with Bell Less Top Charging system BLT, Pulverised Coal Injection PCI and Carbon Refractory. SAPL has also installed Sinter Plant which helps in improving energy efficiency, high productivity and reduces environmental pollution. Captive Power Plant based on waste heat recovery of 5MW capacity has been installed. Such initiatives by SAPL shows its commitment for better and consistent quality of steel production coupled with conscious and continuous effort for Environmental care.
Metals & Construction Materials
Company Type
51-200 employees
Registered Address
4th Floor, Medi-Max House Opp. Karnavati Hospital, Ellis Bridge AHMEDABAD GJ 380006 IN
Key Products / Services
Products Steel products will be produced to meet the requirements of national & internationals standards.Steel products will be rolled in plain carbon including low and high carbon steels and low alloy steel and Alloy Steel. Item Type Pig Iron Foundry Grade & Basic Grade Billets 130 mm sq. 220 mm sq. 150 mm 220 mm Rod Reinforcement Bar 8 mm 40 mm Rounds 8 mm 60 mm Squares 12 mm sq 60 mm sq. Flats 40 mm 120 mm Wire Rod 5.5 mm 16 mm GGBFS Slag Cement PSC
Key Resources / Assets
Office in Ahmedabad
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Stressed Asset Related Documents
Financial Information Documents
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Year Revenue Net Income Liabilities Fixed Current Assets Current Ratio Quick Ratio ROE ROA EBITDA Margin PAT Margin
2017 54.69 mn 0 149.73 mn 91.98 mn 0.57 0.41 1.13 0.0 0.0 0.0
2018 110.25 mn 0 128.48 mn 86.63 mn 0.27 0.16 0.6 0.0 0.0 0.0
2019 102.65 mn 0 117.24 mn 80.02 mn 0.2 0.14 0.22 0.0 0.0 0.0
Stressed Asset Timeline
Jun 2020
Jun 25, 2020
Commencement of CIRP
Jun 26, 2020
Public Announcement by Resolution Professional
Jul 09, 2020
Claim submission
Invitation for Expression of Interest
Submission of Expression of Interest
Submission of Resolution Plan
Committee of Creditors Approval
Submission of Resolution Plan to NCLT
Approval of Resolution Plan by NCLT
Disclaimer: Timeline dates calculated based on 180 days
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