Sri. R. Praveen Chandra took responsibility of managing the group after demise of Sri E. Ramamurthy in the year 2006 and diversified into manufacture of Sponge Iron, steel and solar power generation.
With a vision to add value to the raw material and generate employment in the rural parts of the state, established M/s. E. Ramamurthy Minerals and Metals Pvt. Ltd., at Shivamogga district, Karnataka. First phase of the project has been implemented with TMT Re-bar rolling mill and Induction Furnace.
In order to facilitate the requirement of raw material, fluxes, etc., for the steel, cement, sugar and power industry, established a company M/s. Benaka Minerals Trading Pvt. Ltd., with operational office at Chennai, India.
With a vision to expand the group into the new age technology of IT and Electronics, established M/s. Codeland Infosolutions Pvt. Ltd., an IT company. The company has successfully launched Saas based telematics products and eCommerce platform for Market Research reports.
Acquired M/s. Prakash Sponge Iron and Power Pvt. Ltd., during the year 2014 and expanding the manufacturing process with forward and backward integration. Currently plant production capacity is 0.2 MMTPA of steel having Sponge Iron, M.S Billets, TMT & Structural steel manufacturing unit at Challakere taluk, Chitradurga district, Karnataka, India. It is in the process of expanding the manufacturing facilities.
