Indsil Hydro Power and Manganese Ltd., formerly the Indsil Electrosmelts Ltd , an Indsil Group of company was incorporated as a public limited company under the Companies Act 1956 on August 30, 1990.The company changed its name to the present in January 2009.
The company is engaged in the generation of electricity from its captive hydro electric power plant in Kerala, India. The company also involves in ferro alloy smelting. It offers low carbon silico manganese primarily to steel and stainless steel manufacturers in India; and mild steel ingots.The company operates a 21 MW hydro electric power plant.
Indsil Group of Companies is manufacturing ferro alloys, calcium carbide. They have two manufacturing units one in Kerala South India and other one in Raipur Chattisgar North India. Both the plants are backed up by hydel and thermal power plants. The ferro alloy plants are producing the products like low carbon silico manganese, low carbon ferro manganese, high carbon silico manganese, and high carbon ferro manganese and calcium carbide.
Indsil, with business interests in speciality alloys and power generation is a fast growing group with well integrated manufacturing plants and a well diversified geographical base. The group's revenues are currently around Rs.2500 million / annum.
Indsil Electrosmelts Limited and its group companies have signed a 50:50 Joint venture agreement with Good Earth group based at Nagpur on March 7, 2008, to jointly operate an already acquired manganese ore mine in Indonesia.
The mine is spread across an extent of 5000 hectares and has rich resources of high grade manganese ore and is estimated that the manganese ore resources in this mine would be around 3 million tons of medium and high grade variety. Detailed geological surveys are being conducted for the purpose of accurate assessment. Estimated production from this mine is around 300,000 tonnes per annum.
The joint venture company is forming a 100% subsidiary in Indonesia to operate the acquired manganese ore mine. Manganese ore would primarily be sold to the group companies for captive usage and surplus material would be marketed across the globe.
Business area of the company includes: