Established in 1994 by its dynamic Chairman & Managing Director, Mr. Sandeep Jajodia, Monnet Ispat & Energy Limited (MIEL), has a de-risked business portfolio that encompasses manufacturing and marketing of Sponge Iron, Steel and Ferro Alloys. MIEL is also engaged in mining of minerals like coal and iron ore.
Setting up its first Sponge Iron Unit with a capacity of one lakh Tons Per Annum (TPA), MIEL, the flagship company of the Monnet Group has grown fast over the last two decades to emerge as the second largest coal-based sponge iron producer in the country. MIEL is committed to adopt state-of-the-art high precision technology in its plants to ensure uniform high quality. The company is aggressively expanding and is constantly adding value by leveraging its competitive edge acquired through backward and forward integration.
MIEL is in the elite group of primary steel producers with a world class integrated steel plant at Raigarh that has a production capacity of 1.5 MTPA to produce HR plates, rebars and structure profiles to cater to the rapidly growing infrastructure & construction industry.
The Monnet Group also carries out extensive coal washing and beneficiation for its internal consumption as well as for other users, both in the public and private sectors. The company’s services in this field extend from concept to commissioning under a single roof and operation of washery both in coking and non-coking sectors.
Being a socially sensitive company, we have a strong sense of responsibility to the communities we serve. Be it schools, hospitals, sustainable livelihood or maintenance of public spaces, we are continuously looking for ways to give back to the community that has helped put us on the path to success. We would always like to remain an integrated steel manufacturer with a human face.