With reference to the news item appearing in a leading financial daily titled “Bihar Sponge Iron gets mine strength”, Bihar Sponge Iron Ltd has clarified to BSE as under:

1. The Company had not issued the News article in the financial daily.

2. The Company confirm that, for its Mining activity, it is looking for a strategic tie-up for the operation of Mine.

3. As regards to the operation of the Mine is concern, it will take at least two years for the Mine to become operative.