Aloke Steel Industries Pvt Ltd, is the second Iron and steel plant setup by the RC Rungta group. This project is to be set up as a Mini Integrated Steel Plant including Sponge Iron, Induction furnaces (135,000 MT per annum), Re-Rolling Mills (90,000 MT per annum), Slag Crushing Plant and Captive Power plant in Phases. Right now the company is running it's 120,000 TPA Sponge Iron plant at Vill- Budhakhap, P.O.: Karma, Ramgarh Cantt. Distt - Hazaribagh (Jharkhand).
The Steel plant will also have captive power plant of 18 MW based on recovery of waste heat from the DRI Kilns.