Incorporated in 2009, Sky Alloys and Power Limited is a steel manufacturing company producing Sponge Iron, Mild Steel (MS) Billets, Ferro-Alloy products like Silico Manganese, and TMT Bars. Based in Raigarh, Chhattisgarh, the company operates an integrated manufacturing facility and began with its first Direct Reduced Iron (DRI) plant. Its products cater to both intermediate and end-use markets, with Sponge Iron and MS Billets supplied through a B2B model, while “SKY TMT” bars are sold via dealers and agents to build retail reach. As of March 31, 2025, the company employed 778 permanent and 250 contract workers.