Kalyani Steel (KALYANISTE) was incorporated in 1973. The Pune-based company was promoted by the Kalyani Group. It is one of the leading mini steel plants manufacturing quality carbon and alloy steels, engineering and alloy steel ingots, blooms and billets conforming to international standards. Its products range between 36 mm and 140 mm in diameter. At present, the products for the KALYANISTE are manufactured at its Hospet plant which employs a new facility using less power intensive mini-blast furnace route provided by Tata Korf-Korf Technology of Brazil producing 240,000 MT of pig iron per annum. The alloy manufacturing is based on the modern energy and cost-saving technology of Energy Optimizing Furnace (EOF). KALYANISTE has absorbed various technologies from Aichi Steels, Japan Mann, Germany Inteco, Austria and Concast, Switzerland. KALYANISTE has also set up an electro-slag refining (ESR) plant to manufacture ingots with a maximum diameter of 800 mm. KALYANISTE has also teamed up with the US-based Carpenter Technology Corporation (26% stake) to set up a joint venture known as Kalyani Carpenter Special Steels which manufactures high value-added steels. Carpenter and Kalyani have established a second joint venture, Kalyani Carpenter Metal Centers for opening distribution centers. KALYANISTE is coming up with an integrated steel manufacturing project of 300,000 TPA in the village Ginigera, taluka and district Koppal, Karnataka. The total cost of this project is estimated to be Rs 4,450 million.
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