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Shah Alloys Ltd.

BSE: 513436 Sector: Metals & Mining
NSE: SHAHALLOYS ISIN Code: INE640C01011
BSE 15:05 | 22 Jan 21.85 1.95
(9.80%)
OPEN

20.80

HIGH

21.85

LOW

20.70

NSE 15:22 | 22 Jan 22.00 2.00
(10.00%)
OPEN

21.25

HIGH

22.00

LOW

20.50

OPEN 20.80
PREVIOUS CLOSE 19.90
VOLUME 49546
52-Week high 24.30
52-Week low 14.00
P/E
Mkt Cap.(Rs cr) 43
Buy Price 21.85
Buy Qty 155723.00
Sell Price 0.00
Sell Qty 0.00
OPEN 20.80
CLOSE 19.90
VOLUME 49546
52-Week high 24.30
52-Week low 14.00
P/E
Mkt Cap.(Rs cr) 43
Buy Price 21.85
Buy Qty 155723.00
Sell Price 0.00
Sell Qty 0.00

Shah Alloys Ltd. (SHAHALLOYS) - Company History

Incorporated in Nov.'90, Shah Alloys went public in 1992. It was promoted by Rajendrabhai V Shah and Rajiniben R Shah. The company is engaged in the manufacture of mild steel, stainless steel, C T D bars, S S flats and pattas, and cold-rolled sheets. The company came out with a public issue in Dec.'92 to part-finance an expansion scheme, and to meet long-term working capital requirements. The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products, financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr. The company received the Dhatu Nayak Award for best performance in the stainless steel industry. During 1998-99, the Company implemented the project of captive power plant having capacity of 20 MW. The project was financed through term loans and internal cash accruals. Also in 2000-01 the company has successfully commissioned India's first 1800mm width Stainless Steel Slab Caster. The project of H R /S S Sheet /Coil was commissioned as per schedule. This project was financed through internal accruals and also by term loans from financial institutions/bankers. The company's going on diversification project of manufacturing of HR/SS Sheet/Coil was successfully implemented during 2001-02. During 2001-02 Shah Steel & Industrial Gases Limited was amalgamated with the company and accordingly 20 equity shares of Shah alloys were issued and allotted to Shah Steel & Industrial Gases Ltd pursuant to the scheme which provided for the company to issue shares in the ratio of one Equity Shares of the company for every 35 equity shares of Shah Steel & Industrial Gases Ltd.