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Kanishk Steel Industries Ltd.

BSE: 513456 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE791E01018
BSE 15:16 | 19 Jan 13.00 0.15
(1.17%)
OPEN

13.00

HIGH

13.00

LOW

12.40

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.00
PREVIOUS CLOSE 12.85
VOLUME 2316
52-Week high 13.47
52-Week low 5.75
P/E 130.00
Mkt Cap.(Rs cr) 37
Buy Price 12.35
Buy Qty 1.00
Sell Price 13.00
Sell Qty 178.00
OPEN 13.00
CLOSE 12.85
VOLUME 2316
52-Week high 13.47
52-Week low 5.75
P/E 130.00
Mkt Cap.(Rs cr) 37
Buy Price 12.35
Buy Qty 1.00
Sell Price 13.00
Sell Qty 178.00

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.