Nova Iron & Steel: key facts, price, legal update 2026

Company snapshot: business and sector

Nova Iron & Steel Ltd is engaged in the manufacture and sale of sponge iron in India. Alongside manufacturing, the company also provides product separation, screening, and storage facilities. The company is classified under the Iron & Steel sector, with its industry listed as Steel & Iron Products. A separate profile line also describes the company as being in the business of manufacturing and trading of Iron & Steel, Metals, Securities, and Natural Resources. The company was incorporated in 1989.

This combination of manufacturing, services such as screening and storage, and the broader “trading” description frames Nova Iron & Steel as an iron and steel-linked small-cap where operational updates and regulatory records can matter to investors. The latest publicly shown market data in the provided material includes multiple price points and a market capitalisation figure, which are summarised below.

Registered office and contact details

The registered office details listed for Nova Iron & Steel place the company in Chhattisgarh.

• Registered office address (as provided): Village Dagori, Tehsil Belha, Bilaspur Dist., Chattisgarh, Pin Code 495224
• Telephone: 07752-285206
• Fax: 07752-285213
• Email: rai_nisl2007@yahoo.com
• Website: http://www.novaironsteel.com

An additional address is also provided for New Delhi, along with contact information.

• Address (as provided): D-153/A, 1st Floor, Okhla Industrial Area, Phase-1, New Delhi 110020, Delhi
• Telephone: 011-26292682, 26292683, 30857575 (10 Lines)
• Fax: 011-30857562, 26292681
• Email: grievances@skylinerta.com

The material also repeats a Bilaspur location address in another format: “MD 349, Village- Dagori, Near Godhi Road, Tehsil- Belha, District Bilaspur, Chhattisgarh, 495224, India.”

Stock identifiers and trading data in the provided material

The stock identifiers and market information shown include both NSE and BSE references:

• NSE: NOVAIRNSTL
• BSE: 513566

The same source text presents more than one “current price” figure, and also mentions a “previous close” and “last traded price” that match.

• One line shows Current Price: Rs 13.0.
• Another line shows Current Price: Rs 13.7.
• A separate “Share Price Update” states the share price remained unchanged from the previous close of Rs 15.00, and the stock last traded at Rs 15.00.

The material also provides a market capitalisation number and a 52-week style high/low range:

• Market cap: Rs 49.4 crore
• High / Low: Rs 19.8 / Rs 11.2

Because these figures appear together in the source text without a single timestamp for each data point, they should be read as a snapshot from different sections of the same compilation rather than a single, time-synchronised quote.

What the 2014 order describes: SECL e-auction and refund dispute

A detailed legal and operational dispute is outlined in an order dated 30 January 2014. The sequence described relates to an e-auction conducted by South Eastern Coalfields Limited (SECL).

According to the order summary presented:

1. SECL advertised for an e-auction on 23 March 2012. Nova Iron and Steel Limited was one of the bidders and deposited earnest money of Rs 79,60,000 (Rs 79.60 lakh).
2. Nova Iron was successful in the e-auction. The order then notes that Nova Iron was acquired by M/s Bhushan Power and Steel Limited (Bhushan Power). It further states that the entire money for the coal amounting to Rs 2,05,80,000 (Rs 205.80 lakh) and Rs 1,93,94,000 (Rs 193.94 lakh) was paid by Bhushan Power.
3. Under contract terms, a delivery order was to be issued within a week, but it was not issued. Bhushan Power then wrote requesting a refund of the amount it deposited for the coal, and the order notes that this amount was returned to Bhushan Power.
4. Subsequently, Nova Iron filed a representation on 15 October 2012 stating that the amount had not been refunded. The provided extract indicates the representation had not been decided and the amount had not been refunded (the text is truncated after this point).

The procedural directions included in the extract state that a representation, if filed, may be decided by the respondent by a speaking order, “if possible, within three months” from receipt. The order also states it would be appropriate to hear Bhushan Power before passing an order on the petitioner’s representation. The extract ends by noting the writ petition was disposed off with these observations, and is signed by the Chief Justice.

Environmental consent record: CECB letter dated 27 March 2019

The compilation includes a document reference from the Chhattisgarh Environment Conservation Board (CECB), Atal Nagar, Raipur, dated 27/03/2019. The letter is addressed to M/s Nova Iron and Steel Limited, Village-Dagori, Tehsil-Belha, District Bilaspur-495224 (C.G.).

As described in the included text, the consent relates to an application for consent to discharge effluent into natural water courses under the Water (Prevention & Control of Pollution) Act, 1974. The text states that the company is authorised by the State Board to discharge industrial and other effluents arising out of the premises into a local stream/river/well in accordance with general and special conditions referenced in an annexure.

The material also repeats plant-side contact references, including phone numbers 07752-285206, 285217 and fax 07752-285213, along with the Village Dagori, Tehsil-Belha address.

Key facts table

Market impact: what the disclosed information signals

The market-related data points highlight a small-cap counter with a market cap stated at Rs 49.4 crore and a price band in the material ranging from Rs 11.2 (low) to Rs 19.8 (high). The presence of multiple “current price” figures and a separate “last traded” price suggests the numbers were collected from different sections or times, rather than representing a single live quote.

The 2014 legal order extract is not a current financial metric, but it is material as it documents a dispute flow involving SECL’s e-auction process, deposits, and representation handling. It also references Bhushan Power’s involvement after Nova Iron’s acquisition, including that Bhushan Power paid the coal amounts listed and received a refund.

The 2019 CECB consent reference is relevant from an operations standpoint because it links the company to formal environmental compliance processes under the Water Act, 1974, including an authorisation framework and conditions in an annexure. For industrial companies, such documents often form part of the compliance trail that can be reviewed by regulators and stakeholders.

Analysis: why the SECL order and compliance trail matter

The SECL order extract is primarily procedural, but it is specific about dates, amounts, and the expectation of a reasoned decision through a speaking order. It also indicates that the respondent should communicate the decision to the petitioner and that Bhushan Power should be heard. Taken together, these are the kinds of details investors and counterparties watch when assessing historical disputes around input procurement, refunds, and administrative decision-making.

Separately, the CECB letter reference places Nova Iron & Steel within the framework of environmental regulation applicable to industrial effluent discharge. While the extract does not list the annexure conditions, it clearly states authorisation and the governing law. In heavily regulated sectors such as iron and steel, the existence of such approvals and their dates can become relevant during audits, renewals, and stakeholder due diligence.

Conclusion

Nova Iron & Steel Ltd is presented as a sponge iron manufacturer based in Bilaspur, Chhattisgarh, incorporated in 1989, with additional Delhi contact details. The material includes a market snapshot with a stated market cap of Rs 49.4 crore, price references between Rs 13 and Rs 15, and a high-low band of Rs 19.8 to Rs 11.2. It also documents a 30 January 2014 order linked to an SECL coal e-auction and a 27 March 2019 CECB consent reference under the Water Act, 1974. Any further clarity on the SECL representation outcome or updated compliance status would depend on subsequent disclosures or official communications beyond the provided text.