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Super Forgings & Steels Ltd.

BSE: 513277 Sector: Metals & Mining
NSE: SUPERFORGE ISIN Code: INE661A01011
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Super Forgings & Steels Ltd. (SUPERFORGE) - Company History

Incorporated on 28 Jun.'68 and promoted by B N Modi and his associates, Super Forgings & Steel went public in 1981. The name Super Forgings connotes that the company manufactures forged items, but it actually produces tool and alloy steel by way of forging and rolling. The installed capacity of the unit is 50,000 tpa. The products find application in various industries like automobiles, Defence, the Railways, tools and dies. The company took over Kusum Steels, a sick unit, in 1984 and revived it. The company's clients include Ashok Leyland, HMT, BEML, TELCO, TISCO and ordnance factories. The company came out with a public issue at a premium in May '93 to part-finance a new integrated project comprising primary and secondary melting facilities, a rolling mill complex, conditioning and heat treatment facilities together with quality control and auxiliary facilities. The company undertook a Modernisation Programme at its Dankuni Unit for upgrading the technology, improving quality of products, with a total cost of Rs 18 crs, which was partly financed by term loan from IDBI and is expected to be completed by March, 1999. In 1998-99, the Directorate General of Quality Assurance and the Director of Quality Assurance (Armaments) of the Ministry of Defence, Government of India, after verification of capacity/capabilities, have granted registration to the Company for manufacturing and supply of various grades of steel for defence.