The main objects of the company as per memorandum of associations are:

1. To carry on in India and elsewhere the trade or business of manufacturing, prospecting, raising, operating, buying, investing, selling, importing, exporting, purchasing, acquiring, holding or otherwise dealing:
   1. (a) in iron and steel as iron mongers, iron masters, steel makers and steel converters;
   2. (b) in ferro-silicon, ferro-chromine and/or all products made of iron and steel, coking coal, manganese, ferro-manganese, limestone, refractories, iron ore and other alloys;
   3. (c) as miners, smelters, and iron founders;
   4. (d) in stainless steel, silicon steel, special steel, mild steel and in allied products, fireclay, dolomite, limestone, refractories, iron ore, bauxite, cement, chemicals, fertilizers, manures, distilleries, dye making and industrial and non-industrial gas, lime burners, stone quarrying concrete manufacturing in all respective branches, and other allied input or other materials;
   5. (e) in any and all kinds of property, whether tangible, intangible, movable or immovable including land, factories, warehouses, securities any person or entity, in connection with any of the aforesaid purposes.
2. To construct, execute, develop, hold, manage, install, operate, and maintain for the above purposes all plants, land, building, mines, establishments, works, factories, communication and transportation ways, power houses, transmission lines, and all other works whatsoever, and generally to carry on the business of builders, contractors, engineers, estimators, and designers and to undertake works on contract basis and to tender for such works.