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Mahamaya Steel Industries Ltd.

BSE: 513554 Sector: Metals & Mining
NSE: MAHASTEEL ISIN Code: INE451L01014
BSE 13:20 | 16 Jan 100.90 -4.80
(-4.54%)
OPEN

105.00

HIGH

106.70

LOW

98.00

NSE 13:22 | 16 Jan 101.05 -4.25
(-4.04%)
OPEN

106.20

HIGH

106.20

LOW

97.55

OPEN 105.00
PREVIOUS CLOSE 105.70
VOLUME 48466
52-Week high 194.40
52-Week low 55.00
P/E 29.50
Mkt Cap.(Rs cr) 137
Buy Price 99.20
Buy Qty 200.00
Sell Price 100.95
Sell Qty 50.00
OPEN 105.00
CLOSE 105.70
VOLUME 48466
52-Week high 194.40
52-Week low 55.00
P/E 29.50
Mkt Cap.(Rs cr) 137
Buy Price 99.20
Buy Qty 200.00
Sell Price 100.95
Sell Qty 50.00

Mahamaya Steel Industries Ltd. (MAHASTEEL) - Company History

Engaged in the manufacture of mild steel (MS) products like channels, strips, girders and flats, Rajesh Strips became a public limited company on 28 Aug.'90. Its manufacturing facilities are located at Raipur, Madhya Pradesh. The company came out with a public limited company in Feb.'94 to part-finance its expansion-cum-modernisation programme to manufacture 50,000 tpa of steel structurals and 10,500 tpa of steel strip coils. The expanded capacity went on stream in Mar.'94. In 1995-96, the company expanded by converting its single drive system to double drive operation system for higher capacity utilisation. It also proposed to install a heavy structure mill of 1,05,000 tpa and put up facilities to produce heavy structures. In the year 1996-97 the company has undertaken a project of 610 MM Heavy Structural Rolling Mill at Raipur with the total project cost estimated to be Rs 17.12 crores. Also the company has successfully implemented a power project of 3 MW capacity. During the year 1998-99, pursuant to the scheme of merger, the Company took over Raipur Ferro Alloys (P) Ltd under the name of 'Casting Division'.