Bihar Sponge Iron Limited Enters Facility User Agreement with Amalgam Steel & Power Limited
Chandil, Jharkhand, March 24, 2026 – Bihar Sponge Iron Limited announced today, March 24, 2026, a new Facility User Agreement with Amalgam Steel & Power Limited. The agreement, effective March 23, 2026, is for the operation of the company's Sponge Iron Plant and associated railway siding in Jharkhand.This development follows a temporary suspension of operations at the company's plant by Vanraj Steels Private Limited and others, previously reported on February 7 and 10, 2026. The new agreement supersedes the prior Facility User Agreement with Vanraj.
Bihar Sponge Iron Limited anticipates that the agreement with Amalgam Steel & Power Limited will facilitate the resumption of operations and improved utilization of the plant.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.