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Kusum Iron & Steel Ltd.

BSE: 513625 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE397E01014
BSE 05:30 | 01 Jan Kusum Iron & Steel Ltd
NSE 05:30 | 01 Jan Kusum Iron & Steel Ltd

Kusum Iron & Steel Ltd. (KUSUMIRON) - Company History

Kusum Iron & Steel Ltd., (KISL) was originally incorporated as Daluram Agro Industries Pvt. Ltd. with the main object of starting agro based industry, to deal in and carry on business of all kinds of steel products and to carry on business as timber growers and merchants. The Company originally commenced agro based activities under the name of Daluram Agro Industries Pvt. Ltd. Due to adverse Government policies, the promoters, considering the project to be unlucrative, decided to switch over to the manufacture of Steel items. The name of the company was changed to Kusum Iron & Steel Pvt. Ltd and subsequently changed to Kusum Iron & Steel Ltd., and fresh certificate of incorporation, was issued. The West Bengal Industrial Infrastructure Development Corporation, Kolkata have granted sanction for the setting up of Unit, I, for manufacture of special alloy steel castings and M.S. Ingots with an installed capacity of 9600 MT for scrap melting. The plant is located in Raninagar Industrial Growth Centre, Jalpaiguri District, West Bengal. The cost was Rs 204.15 lacs and was funded by Promoters' contribution and term loan of Rs. 60.00 lacs sanctioned by West Bengal Financial Corporation. The promoters have planned to set up a Mini Steel Plant to manufacture M.S. Ingots and Rolled products viz: Giders, Angles, Channels and Tees.