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Kanishk Steel Industries Ltd.

BSE: 513456 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE791E01018
BSE 00:00 | 17 Aug 11.25 0.25
(2.27%)
OPEN

11.55

HIGH

11.55

LOW

10.45

NSE 05:30 | 01 Jan Kanishk Steel Industries Ltd
OPEN 11.55
PREVIOUS CLOSE 11.00
VOLUME 2113
52-Week high 15.50
52-Week low 5.76
P/E 11.03
Mkt Cap.(Rs cr) 32
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.55
CLOSE 11.00
VOLUME 2113
52-Week high 15.50
52-Week low 5.76
P/E 11.03
Mkt Cap.(Rs cr) 32
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kanishk Steel Industries Ltd. (KANISHKSTEEL) - Company History

Promoted by the Gupta brothers in 1989 as a private limited company, Kanishk Steel Industries has an installed capacity of 50,000 tpa to manufacture various steel products like tors, rounds, squares and profiles and structurals like channels, joints, I-beams, etc. It became a public limited company in Apr.'92 and entered the capital market in Nov.'92 to fund its expansion programme. The company has embarked on an eco-friendly process of power generation through wind mills, by installing a 6-MW wind power project and has already started generating 4 MW. To augment resources for this project, it offered a (1:1) rights issue of FCDs, aggregating Rs 25 cr. The issue was also instrumental in increasing the capacity of the steel re-rolling mill from 50,000 tpa to 66,000 tpa. A sizeable portion of its production is through conversion contracts with Indian Iron & Steel Company, Rashtriya Ispat Nigam and other producers of semis. The company has expanded and diversifed its activities at a cost of Rs 400-cr integrated steel project (cap.: 3 lac tpa of steel billets) a technical assistance agreement was signed in Nov.'94, with the Chongquing Iron & Steel Company, China.