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Steelco Gujarat Ltd.

BSE: 500399 Sector: Metals & Mining
NSE: STEELCOGUJ ISIN Code: INE629B01024
BSE LIVE 13:29 | 20 Sep 10.25 -0.03
(-0.29%)
OPEN

10.30

HIGH

10.55

LOW

9.83

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.30
PREVIOUS CLOSE 10.28
VOLUME 16510
52-Week high 13.00
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 44
Buy Price 10.20
Buy Qty 480.00
Sell Price 10.25
Sell Qty 71.00
OPEN 10.30
CLOSE 10.28
VOLUME 16510
52-Week high 13.00
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 44
Buy Price 10.20
Buy Qty 480.00
Sell Price 10.25
Sell Qty 71.00

Steelco Gujarat Ltd. (STEELCOGUJ) - Company History

Incorporated in Jan.'89, Steelco Gujarat is promoted by SPICA Investments, Mauritius, belonging to Chanderias (the NRI group), and Essar Gujarat (11% stake). Steelco was set up to implement a Rs 186-cr project to produce cold-rolled coils and flat-rolled products (inst. cap. : 2 lac tpa). The project part-financed by an issue in Aug.'93, was delayed by six months resulting in a cost overrun of Rs 30 cr. The company has been producing cold-rolled products since Apr.'94 and is yet to take up the production of more value-added products like galvanised sheets. The company has a technical collaboration with Hitachi, Japan, for setting up a cold-rolling mill with performance guarantee and for training all the employees of the company. Steelco has a technical support agreement for an electrolytic cleaning line with Nippon Denro, Japan. The company was referred to BIFR in 1997-98. BIFR has decalred the company as a Sick Company and has appointed ICICI as an operating agency. ICICI, the OA, has submitted its report to BIFR, a draft scheme of rehabilitation of the comany, which is under consideration by the FIs/Banks.