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Mahamaya Steel Industries Ltd.

BSE: 513554 Sector: Metals & Mining
NSE: MAHASTEEL ISIN Code: INE451L01014
BSE LIVE 15:40 | 22 Sep 73.10 -2.85
(-3.75%)
OPEN

75.00

HIGH

75.35

LOW

72.50

NSE 15:43 | 22 Sep 72.35 -3.10
(-4.11%)
OPEN

75.65

HIGH

76.00

LOW

72.00

OPEN 75.00
PREVIOUS CLOSE 75.95
VOLUME 5547
52-Week high 315.60
52-Week low 55.00
P/E 97.47
Mkt Cap.(Rs cr) 99
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 75.00
CLOSE 75.95
VOLUME 5547
52-Week high 315.60
52-Week low 55.00
P/E 97.47
Mkt Cap.(Rs cr) 99
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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'.