Monnet has a combined capacity of 860,000
TPA of Sponge Iron, 300,000 TPA of Steel,
60,000 TPA of Ferro Alloys and Power
generation facility of 150MW besides
running the largest underground coal mine
in the country.
• Monnet Ispat Ltd, subsidiary Monnet Power
Company Ltd. (MPCL) has executed an
agreement with Blackstone Group whereby
Blackstone has acquired 12.50% equity in
MPCL for an investment of Rs. 275 crores.
• The company is also putting an 80 MW
power plant which will take the total
capacity of power to 230 MW.
• Monnet Ispat & Energy has signed a US $ 1
million deal with Indian Boxing Federation
to become a team and kit sponsor for the
next three years.
• Operating profit and PAT of the company
are expected to grow at a CAGR of 11% and
14% over 2009 to 2012E respectively.
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