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Gyscoal Alloys Ltd.

BSE: 533275 Sector: Metals & Mining
NSE: GAL ISIN Code: INE482J01021
BSE LIVE 15:40 | 18 Aug 6.96 0.23
(3.42%)
OPEN

6.53

HIGH

7.40

LOW

6.50

NSE 15:31 | 18 Aug 6.80 0.05
(0.74%)
OPEN

6.85

HIGH

7.20

LOW

6.55

OPEN 6.53
PREVIOUS CLOSE 6.73
VOLUME 68832
52-Week high 15.80
52-Week low 5.45
P/E
Mkt Cap.(Rs cr) 110
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.96
Sell Qty 1000.00
OPEN 6.53
CLOSE 6.73
VOLUME 68832
52-Week high 15.80
52-Week low 5.45
P/E
Mkt Cap.(Rs cr) 110
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.96
Sell Qty 1000.00

Gyscoal Alloys Ltd. (GAL) - Company History

Gyscoal Alloys Ltd is a leading manufacturer & Exporters of Stainless Steel Equal Angle Bars & Bright (Round) Bars & Stainless Steel Flat Bars in India. The company manufactures different grades of Stainless Steel products ranging between 200 series to 400 series. They own their manufacturing plants in Kukarwada in Gujarat. The company is using the latest Corex Steel Technology and production techniques and is also strictly adhering to a system of Statistical quality control at every stage. The company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. They also manufacture squares, and Flat in sizes of the specification as per requirement of their customers. Gyscoal Alloys Ltd was incorporated on September 29, 1999 as a private limited company with the name Shreenath Mineral Metal Pvt Ltd. Initially, the company started their business with the trading of iron and steel scraps, billets and steel long products. They also traded mild steel products namely CTD Bars and TMT Bars. In June 21, 2004, the company changed their name from Shreenath Mineral Metal Pvt Ltd to Gyscoal Alloys Pvt Ltd. In the year 2005, the company took over a steel rolling mill business with a capacity of 6000 MT per annum from Shah Alloys Group at Ubkhal, Mehsana and started manufacturing of rolled products. During the year 2005-06, the company increased the rolling mill capacity by 12000 MT per annum to take the total rolling mill capacity to 18000 MT per annum. In March 21, 2006, the company was converted into public limited company and the name was changed to Gyscoal Alloys Ltd. During the year 2006-07, the company started their Steel Melting Shop with a capacity of 12,000 MT per annum. They received ISO 9001:2000 certification from BSI Management Systems. During the year 2007-08, the company changed the Main Objects of the Object Clause of the Memorandum of Association of the Company. They initiated direct exports to various Far East Asian Countries. During the year 2008-09, the company increased the capacity of their Steel Melting Shop to 18,000 MT per annum. During the year 2009-10, the company developed the Bright Bar Unit and started the operation of the unit. They got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems. The company proposes to increase their melting capacity from existing 18,000 MT per annum to 1,18,000 MT in order to meet the increasing demand of the products by setting up a steel melting shop with additional installed capacity of 100,000 MT per annum. The company is proposing to purchase new plant and machineries for the expansion plan.