Jai Balaji group is a secondary sector steel manufacturing group with plans to set up an integrated steel plant at Raghunathpur.
The Company was incorporated on 1st July 1999 as Jai Balaji Sponge Pvt. Ltd. Its flagship company is now known as Jai Balaji Sponge Ltd. Other companies in the group are Chandi Steel Industries Ltd., Jai Salasar Balaji Industries Pvt. Ltd., Jai Balaji Jyoti Steels Limited, K.D Jajodia Steel Industries Pvt Ltd., and Balaji Ispat Udyog.
It has a sponge iron manufacturing unit with a capacity of 1,05,000 tonnes per annum at Mangalpur Industrial Estate, near Raniganj
. The Mangalpur Industrial Estate complex also has a mild steel ingot manufacturing unit with an installed capacity of 16,600 tonnes per annum.
At Durgapur, West Bengal, it has a mild steel ingot manufacturing unit having an installed capacity of 78,720 tonnes per annum with four furnaces of a capacity of 6 tonnes each, and the re-rolling mill uses the Thermex technology from Germany for manufacturing of TMT bars. The group has set up two mini blast furnaces with an installed capacity of 80,500 tonnes per annum.
The group has a presence at Raniganj, Liluah and Rourkela.
Jai Balaji Industries has acquired sponge iron manufacturer Nilachal Iron & Power Ltd (NIPL), with a sponge iron plant located at Saraikela in Jharkhand,
Integrated Steel Plant
The group is planning to set up a five-million tonne integrated steel plant using the DRI route at Raghunathpur in Purulia district
along with a three-million tonne cement plant and a 1,215 MW power plant. The project will need about 5,000 acres, including a township, and entail an investment of Rs. 16,000 crore.