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Incorporated in Apr. '79, Orissa Sponge Iron was promoted in the joint sector by the Industrial Promotion & Investment Corporation of Orissa and Torsteel Research Foundation and its associates. The company's plant manufactures sponge iron (cap. 1,00,000 tpa) through the direct reduction route by using non-coking coal as reductant. In 1994-95, it implemented a project with a capacity of 60,000 tpa to manufacture billets using its own sponge iron. The company also has a project consultancy division which provides technical consultancy and project engineering services to sponge iron plants. Lloyds Metals & Engineers has adopted the technology provided by OSIL. Sponge iron is a basic input requirement for mini steel plants.