The group has entered into the steel business with the commissioning of the Sponge Iron plant (Amoda Iron & Steel Ltd) in Jaggayyapet, Andhra Pradesh. Jaggayyapet is a growing urban agglomeration located within the Capital Region Development Area (CRDA) in just about 50 Kms from Amaravathi, the new capital of the Andhra Pradesh state. Amoda Iron and Steel Ltd (AISL) was incorporated on 6th November, 2003 with a prime objective to manufacture Sponge Iron. The Integrated Steel Project is also on the anvil. The unit has an installed capacity for the manufacture of 200 TPD of Sponge Iron.
Having stabilised the first Sponge Iron manufacturing unit, the group continued its expansion plans by acquisition of M/s Pioneer Tor Steel Mills Ltd, with its two units located at IDA Bollaram near Hyderabad and Chegunta of Medak Dist, Telangana, which manufactures Billets and Construction Steel Bars apart from Sponge Iron. In the short span, the company's brand "Pioneer TOR Steels" has become a popular in the Indian Markets and commands premium for the quality product it manufactures.