The company is a limited incorporated under the Companies Act, 1956 as per the Certificate of incorporation no. 11- 67602 of 1992. In the year 2012 the name of the company was changed from KRISHNAPING ALLOYS PVT. LTD. to KRISHNAPING ALLOYS LIMITED.
The company has been in the business of Manganese ore mining in the non-captive private sector since its incorporation having its own mines located at Sauser, Chindwada in Madhya Pradesh. The 155 acres mining area is extremely rich in high grade Manganese Ore & Iron Ore. The company has bought additional land for expansion near to the existing mines.
The company has a fixed assets of over USD 40 Million, under the management with the companies turnover of USD 20 Million. It has an employee’s strength of 1500 employees.
The company has undertaken forward integration by setting of 6 MW submerged arc furnace for production of Ferro Manganese and Silico Manganese. The submerged arc furnace requires continuous uninterrupted power. Looking at the power scene, the company is simultaneously setting up 8 MW multi fuel power plant which will run on Bio Mass and coal. Very soon the company will be self reliant for power.
The company has also ventured into import and trading of thermal coal. This will make the company self reliant in sourcing of coal for its power plant.
The company is boosting the local economy and generating employment for locals. The company has lined up an investment of Rs 6,500 Lacs towards these plants and has taken a credit facility of Rs 3,500 Lacs from the Union Bank of India for working capital.
Today our dedication and endurance has made us stalwarts in our segment. We are staking our claim to be “ONE OF THE LARGEST PRIVATE SECTOR MINERS OF MANGANESE ORE IN THE COUNTRY WITH THE MOST SOUGHT AFTER PROFESSIONAL MINING EQUIPMENTS OF THE HIGHEST CALIBER AVAILABLE FOR MINING”.