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Steelco Gujarat Ltd.

BSE: 500399 Sector: Metals & Mining
NSE: STEELCOGUJ ISIN Code: INE629B01024
BSE LIVE 15:40 | 15 Dec 8.95 0.05
(0.56%)
OPEN

9.44

HIGH

9.45

LOW

8.85

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 9.44
PREVIOUS CLOSE 8.90
VOLUME 17141
52-Week high 13.00
52-Week low 4.51
P/E
Mkt Cap.(Rs cr) 38
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 9.44
CLOSE 8.90
VOLUME 17141
52-Week high 13.00
52-Week low 4.51
P/E
Mkt Cap.(Rs cr) 38
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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.