Ankit Metal & Power Limited (erstwhile Ankit Steel Works Private Limited) was incorporated on 7th August, 2002 and renamed as Ankit Metal & Power Private Limited, as a Private Limited Company on 9 July, 2004. Pursuant to change in the corporate status of the Company from Private to Public, the name was further changed to Ankit Metal & Power Limited effective from 31st August, 2004. The Company came a long way to position itself as one of the integrated steel plant to produce rolled products comprising of TMT Bars, Sponge Iron, Steel Melting shop, Billets and Rolling Mill along with 12.5 MW Captive Power Plant.
The company has set up an Integrated Steel Plant at village Chhatna, Jorehira in Bankura District of West Bengal. This project comprises (i) 1,05,000 TPA Sponge Iron Plant (ii) 65,140 TPA Billet Casting Plant (iii) 1,00,000 TPA Re-Rolling Mill (iv) 8.5 MW Waste Heat Recovery Based (WHRB) captive power plant (utilising the waste gases from the sponge iron plant) and (v) 4 MW Atmospheric Fluidised Bed Combustion (AFBC) based captive power plant.
Commercial production of Sponge iron plant started on 16 October, 2005. 1st & 2nd Furnaces of Ingots Unit stared on 2 January, 2006 & 3rd Furnace stared on 12 August, 2006. The production of Continuous Casting Machine (CCM) for Billets started on 1st February, 2006.
The Company started commercial production of 350 TPD Sponge Iron Plant, 15 MT Induction Furnace, 1 Lac TPA Wire Rod Mill and a 33 MW Captive Power Plant in 2011-12.