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India Steel Works Ltd.

BSE: 513361 Sector: Metals & Mining
NSE: ISIBARS ISIN Code: INE072A01029
BSE 00:00 | 16 Aug 1.68 -0.24
(-12.50%)
OPEN

1.92

HIGH

1.92

LOW

1.55

NSE 05:30 | 01 Jan India Steel Works Ltd
OPEN 1.92
PREVIOUS CLOSE 1.92
VOLUME 579384
52-Week high 4.89
52-Week low 1.55
P/E 14.00
Mkt Cap.(Rs cr) 67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.92
CLOSE 1.92
VOLUME 579384
52-Week high 4.89
52-Week low 1.55
P/E 14.00
Mkt Cap.(Rs cr) 67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

India Steel Works Ltd. (ISIBARS) - Company History

Isibars, incorporated as Khanna & Roy Heavy Engineering in 1987 and was acquired by the present promoter H L Gupta took over the firm in 1990 and renamed it as Isibars in May 1991. The company manufactures and markets alloy steel, stainless steel rolled and cold-drawn products of various sizes and sections (inst. cap. : 40,000 tpa). Later Isibar took over the steel division of Zenith comprising the steel melting and rolling unit at Khopoli, Maharashtra. Drawn stainless steel bars and bright bars, being corrosion-resistant, are used in the automobile, textile, machine tool, chemical, food, dairy and marine industries. Stainless steel flats are cold-rolled and used to manufacture stainless steel utensils. The company increased its capacity for cold-finished bars to 10,000 tpa. The company's expansion-cum-backward integration project at Khopoli has been implemented and it started production from July, 1998 with a cost of Rs 120.52 crs. In 2000-01 the company issued and allotted on private placement basis to ICICI Ltd, Secured Cumulative Zero Coupon Optionally Fully Convertible Debentures of the face value of Rs.53.31 cr at a discounted value of Rs.23.50 cr and Secured Non convertible Debentures of Rs.14.52 cr at a discounted value of Rs.6.4 Cr. The company made a reference to BIFR due to erosion of networth.