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Kanishk Steel Industries Ltd.

BSE: 513456 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE791E01018
BSE LIVE 11:58 | 17 Nov 8.53 0.40
(4.92%)
OPEN

8.51

HIGH

8.53

LOW

8.51

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 8.51
PREVIOUS CLOSE 8.13
VOLUME 400
52-Week high 12.84
52-Week low 4.51
P/E 65.62
Mkt Cap.(Rs cr) 24
Buy Price 8.05
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00
OPEN 8.51
CLOSE 8.13
VOLUME 400
52-Week high 12.84
52-Week low 4.51
P/E 65.62
Mkt Cap.(Rs cr) 24
Buy Price 8.05
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00

Kanishk Steel Industries Ltd. (KANISHKSTEEL) - Company History

Promoted by the Gupta brothers in 1989 as a private limited company, Kanishk Steel Industries has an installed capacity of 50,000 tpa to manufacture various steel products like tors, rounds, squares and profiles and structurals like channels, joints, I-beams, etc. It became a public limited company in Apr.'92 and entered the capital market in Nov.'92 to fund its expansion programme. The company has embarked on an eco-friendly process of power generation through wind mills, by installing a 6-MW wind power project and has already started generating 4 MW. To augment resources for this project, it offered a (1:1) rights issue of FCDs, aggregating Rs 25 cr. The issue was also instrumental in increasing the capacity of the steel re-rolling mill from 50,000 tpa to 66,000 tpa. A sizeable portion of its production is through conversion contracts with Indian Iron & Steel Company, Rashtriya Ispat Nigam and other producers of semis. The company has expanded and diversifed its activities at a cost of Rs 400-cr integrated steel project (cap.: 3 lac tpa of steel billets) a technical assistance agreement was signed in Nov.'94, with the Chongquing Iron & Steel Company, China.