I truly believe that there has never been such an exciting time for the energy and minerals sector. The developing economies have been instrumental in driving the global steel demand in the recent past. India, particularly, has witnessed a sharp increase in the energy and steel demand and is presently the fifth largest producer of crude steel in the world. However, even today India’s per capita steel consumption is a miniscule 50 Kg as compared to China’s nearly 320 Kg. India even lags behind many of its Asian neighbors in terms of per capital steel consumption.

The current rate of investment in the country’s infrastructure sector indicates that India is poised to become a major player in the global steel business. In the short term, the only deterrent to the growth of steel production and demand could be the high input costs of critical inputs such as iron ore, coking coal, energy etc.

Looking at the current input price levels, it appears that the margins of steel companies will be directly correlated to the costs of inputs. At SEML, we realized this fact long time ago and today we are 100% self-sufficient in our energy needs and well ahead on the path to become completely self-sufficient in our raw material requirements. We have secured iron ore and coal mines in India and are aggressively looking for mineral resources globally. Our integrated operations help us to be one of the lowest cost producers of steel, ferro alloys and power.

Our vision is to become a leading energy and minerals company and create superior value for our stakeholders on a sustainable basis. We at SEML are totally dedicated to this vision.

We believe that our growth and progress can be attributed to a large extent to our customers, suppliers, our strong workforce, our dedication to our values and our high ethical standards. I would also like to thank my colleagues on the Board for their support and guidance, all regulatory authorities, our bankers, auditors, consultants, other business associates and legal advisors. I am also grateful to all our stakeholders for their continuous patronage, confidence and interest in our Company.

I welcome you to explore and learn more about our company.