To achieve holistic leadership in terms of cost, quality and customer satisfaction in a systematic & planned manner.
A symbol of corporate excellance with strong focus for benefiting stakeholders and society at large.
To achieve total integration in operations with global cost & quality standards with the use of latest technology and to be perceived as the “preferred choice of our customers.”
To build a team of motivated and dedicated workforce, with high work ethos.
To strive to emerge as an ideal corporate citizen.
Executive Vice Chairman & Managing Director’s Message
“When you combine a culture of discipline with an ethic of entrepreneurship, you get a magical alchemy of great results.”
Excellance is a moving target.
One achievement leads to the other-one
project is the blueprint for the next.
At MONNET, we consider a secure present
to be the fuel for a successful future. And
we are revving up for Destination Next.
What are the ingredients of our mettle?
Step-by-step planned growth.
Unwavering focus on steel making.
Belief in the strength of forward and
backward integration. And most of all,
a vision of tomorrow.
Integrated. Improvising. Innovative.
Monnet Ispat & Energy Limited is a concrete example of what foresight, planning and conviction can do. One of the largest coal-based sponge iron producers in India, Monnet has emerged as an integrated Sponge Iron major with captive resources of coal and captive power.
Establishing. Consolidating. Expanding.
Monnet has its manufacturing facilities in both Raipur and Raipur. While the plant in Raipur has been performing impressively right since inception, the company’s initiatives at Raigarh are yielding rich dividends as well. The 5 lac TPA Sponge Iron Plant and the 90 MW Power Plant are onstream. Monnet will realize the business of plate and structural steel as soon as its under progess 1.2 MT steel plant becomes operational in the coming fiscal year.
The Rs. 4200 crore, 1050 MW Power Plant being setup at Angul, Orissa under the banner of Monnet Power company Limited, a subsidiary of MIEL, is progressing as per schedule.
Passion. Performance. Profits.
Every step ahead at Monnet is backed by rational thinking and strategic planning. Maintaining control over raw material resources has always been a priority. Captive power plants having total installed capacity of 150 MW will ensure uninterrupted power. MONNET has acquired coal mines in Orissa to ensure smooth and cost competitive supply of coal to its sponge iron plants. This has enabled the company to capture a major portion of the value chain in mining and power.