Project Introduction
1 Project Code : 3283
Project Title : Farad Iron And Steel Company (FISCO)
Sector : Basic Metals     Sub Sector : Basic Metals
3 Products/Services: Slabs and Hot rolled Coils
5 Project description :
Seven Diamonds Industries Co. (SDI) is a rapidly growing, privately owned group of companies involved in manufacturing of cold rolled, galvanized and color coated steel coils and sheets in Iran. Pickling line, cold rolling mill, batch annealing, temper rolling mill, a couple of continuous galvanizing lines as well as color coating line have been under operation in SDI and a second cold rolling mill is in the final phase of installation and will be operated within Dec 2013. Also the design phase of the third continuous galvanizing line is completed and its equipment is now under construction. SDI is one of the biggest galvanized steel producers in Iran and it will be the biggest as soon as accomplishment of its expansion phases. SDI has exported its productions to many Asian and some European countries. Now SDI intends to expand its activities into iron and steel making and hot rolling of structural steels, through its newly established subsidiary company, Farad Iron & Steel Co, (FISCO). FISCO has obtained government permission to install an iron and steel making facilities with an annual capacity of 2.8 m tons in northern Iran, Qazvin province. Upon completion of its final phase the plant will include two midrex module with an annual capacity of over 3.2 m tons DRI, two 125-ton electric arc furnaces, followed by a continuous casting machine to cast slab with thickness of 200, 250 mm and width of 1000,1250 and 1290 mm in the formats of long and short slabs. FISCO is prepared to negotiate and materialize the financing facilities required for the project in all forms of financing schemes i.e. buy-back.
6 Annual capacity: 2.8 mton
Project Status
7 Local / internal raw: 100 %
8 Anticipated sell in foreign markets: 20
9 Construction Period : 3 YEAR
Feasibility study available?
Required land provided?
Legal permissions (establishment license, foreign currency quota, environment, etc) taken?
Partnership agreement concluded with local/foreign investor?
Financing agreement concluded?
Agreement with local / foreign contractor(s) concluded?
Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?
List of Know How
Purchase agreement for machinery, equipments and know
Financial Structure
Description Local Currency Required Foreign Currency Required ( Million Euro) Total Million Euro
Million Rials Exchange Rates Equivalent (Million Euro)
Fix Capital  3100000  41000 75.61  120 195.61
Working Capital  2000000  41000 48.78  0 48.78
Total Investment  5100000  41000 124.39 120 244.39
Value of foreign equipment/machinery 120  million euro
Value of local equipment/machinery 30  million euro
Value of foreign technical know how 15  million euro
Value of local technical know how 4 million euro
Net Present Value (NPV) 27  million euro for 1 Year
Internal Rate of Return (IRR) 27.5  %
Pay backPeriod (PP) 10  Year(s)
General Information
Mode of Financing /Investment:
Project Type : 
Company Profile
Owner User chrisyang
Name (legal /natural persons) : Mr.Izadpanah
Company Name: Farad Iron And Steel Company
Address : End of kayfiat Road,Phase 2,Kavoshgaran St.,Lia Industrial District,Boeen Zahra Road,Qazvin- HQ:No.65,Mola Sadra St.,Vanaq Sq.,Tehran Iran
Tel: +98-21-8861-2300
Fax: +98-21-8861-2321
Web site:
Local entrepreneur :
Pre feasibility study:

Ministry of Economic Affairs and Finance
Organization for Investment Economic and Technical Assistance of Iran (OIETAI)
Foreign Investment Center
Tel : 33967749-33967766-33967762-39902485-39902488-39902486
Fax : 33967774
Website :
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