You are here » Home » Companies » Company Overview » Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India Ltd.

BSE: 513349 Sector: Infrastructure
NSE: AJMERA ISIN Code: INE298G01027
BSE LIVE 15:51 | 09 Dec 144.20 -2.10
(-1.44%)
OPEN

147.65

HIGH

148.00

LOW

143.60

NSE LIVE 15:44 | 09 Dec 144.55 -2.45
(-1.67%)
OPEN

148.45

HIGH

148.70

LOW

144.00

OPEN 147.65
PREVIOUS CLOSE 146.30
VOLUME 22970
52-Week high 192.20
52-Week low 95.25
P/E 10.82
Mkt Cap.(Rs cr) 511.62
Buy Price 144.20
Buy Qty 57.00
Sell Price 0.00
Sell Qty 0.00
OPEN 147.65
CLOSE 146.30
VOLUME 22970
52-Week high 192.20
52-Week low 95.25
P/E 10.82
Mkt Cap.(Rs cr) 511.62
Buy Price 144.20
Buy Qty 57.00
Sell Price 0.00
Sell Qty 0.00

Ajmera Realty & Infra India Ltd. (AJMERA) - Company History

Ajmera Realty & Infra India Ltd, the leading player in Real Estate and Steel was started its journey in 18th March of the year 1985 as RVS Steels and Allied Industries. Subsequently, the name of the Company was changed to Shree Precoated Steels Ltd in 24th October of the year 1985. The Certificate of Commencement was obtained on 6th January 1986. Shri C S Ajmera and Associates took over the Company on 6th October of the year 1986. The Company manufactures and supplies color coated steel coils and sheets in India. The company's color coating line of products include pre-painted galvanised steel coils and sheets; galvanized line of products comprise galvanized steel coils and sheets; CR line of products consists of cold rolled steel coil; and HR pickled line of products include hot rolled products, which all are comes under the brand names of METACOLOR (Pre-painted galvanised Steel Coils & Sheets), METAGALVA (Galvanized Steel Coils & Sheets) and METACOR (Cold rolled steel coils). As a part of its thrust on globalization, SPSL has been accredited with ISO 9001 certification by DNV Netherlands. Plant of the company built on a land size of 250,000 sq. mtrs at Sanaswadi near Pune and is located about 100kms from JNPT Port and 165 kms from Mumbai, the central hub of Industrial and Financial activities of India. METACOLOR Plant installed in technical collaboration with Cockerill Mechanical Industries (CMI), Europe. METAGALVA steel sheets manufactured in a state-of-the-art plant employing mini spangle equipment from U.S.A. METACOR is cold rolled in a modern and highly advanced computerized Cold Rolling Mill where strip shape, dimensions and tolerances are closely and continuously monitored. The Company has changed their Collaborator from Hunter Engineering, USA to Cockerill Mechanical Industries, Belgium during the year 1985, due to the availability of better terms and conditions, better technology, superior equipment and product mix. Ajmera came out with a public issue in March of the year 1992 to part-finance of the various projects of the company. During the year 1994-95, the company implemented a backward integration programme of 1.20 lack tonnes of cold-rolled coils and 1 lack tonnes of galvanised plain / corrugated sheets at an estimated cost of Rs 153 cr. The Company also added additional trapezoidal profiles to offer value-added products for the niche market. A year after, the company successfully erected and commissioned galvanising line. During the same year of 1995-96, the company was also appointed as authorised Builder in India for Butler Manufacturing Company USA to sell their Pre-Engineered Metal Building System. In the year 1997-98, the company installed Galvanising line G P coils with capacity of 1,20,000 MT and GP/Aluminium Colour Coated Trap Sheets with capacity of 7435 MT. The Company awarded ISO 9001 certificate for manufacturing GI and Aluminium Colour Coated Sheets in the year of 1998-99. The company has registered with the Board for Industrial & Financial Reconstruction (BIFR) and has been declared as a sick industrial company in 3rd March of the year 2000 and has appointed ICICI as an operating agency. The Rehabilitation Scheme had been sanctioned by the BIFR in 13th November 2002. Ajmera had been discharged from the purview of the Sick Industries companies in 4th November of the year 2004. During the year 2004-05, the company commissioned the Hydrochloric Acid Pickling Line, which provide total recovery of used acid with least HCL PPM escape and the purest iron oxide (byproduct) recovery unit for quality export of high value iron oxide. During the year 2005-06, the company has entered into technology transfer agreement with M/S Thyssen Kruppof Germany in the areas of operating practices of complete CRM complex and quality control measures. As well as the production know how of Aluminum-Zinc coating on the existing setup. The company established the first time in the world, the near-infra red curing process and Revolving Thermal Oxidation process for Colour Coating Technology in CCL-II line in May of the year 2006. The next generation technology, Second Colour Coating Line was successfully commenced in the year 2006. A landmark amalgamation of Anik Development Corporation Pvt Ltd (ADCPL) with the company was completed, all the assets and liabilities of ADCPL has been transferred to the company with effect from 20th December of the year 2006. During the year 2006-07, the company to raise its stature to be bracketed in one of the leading builders of Maharashtra State and its successful operation s in Karnataka State and Joint Venture in Bahrain has consolidated and ushered it to higher levels of growth in real estate business. As at May 5th of the year 2008, the company changed its name from Shree Precoated Steels Ltd to Ajmera Realty & Infra India Limited. The Company plans to sell 10% - 15% of its stake to a private equity fund in order to rise about INR 7 billion. Ajmera has been certified by Det Norske Veritas (DNV certification B.V of the Netherlands) for its environmental management system (EMS) under the international ISO 14001:1996 standard.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard