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Mahamaya Steel Industries Ltd.

BSE: 513554 Sector: Metals & Mining
NSE: MAHASTEEL ISIN Code: INE451L01014
BSE 16:01 | 25 May 69.30 2.45
(3.66%)
OPEN

66.25

HIGH

69.35

LOW

65.45

NSE 15:54 | 25 May 68.45 2.30
(3.48%)
OPEN

67.00

HIGH

69.45

LOW

65.10

OPEN 66.25
PREVIOUS CLOSE 66.85
VOLUME 13624
52-Week high 120.80
52-Week low 60.50
P/E 36.28
Mkt Cap.(Rs cr) 114
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 66.25
CLOSE 66.85
VOLUME 13624
52-Week high 120.80
52-Week low 60.50
P/E 36.28
Mkt Cap.(Rs cr) 114
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mahamaya Steel Industries Ltd. (MAHASTEEL) - Company History

Engaged in the manufacture of mild steel (MS) products like channels strips girders and flats Rajesh Strips became a public limited company on 28 Aug.'90. Its manufacturing facilities are located at Raipur Madhya Pradesh.The company came out with a public limited company in Feb.'94 to part-finance its expansion-cum-modernisation programme to manufacture 50000 tpa of steel structurals and 10500 tpa of steel strip coils. The expanded capacity went on stream in Mar.'94.In 1995-96 the company expanded by converting its single drive system to double drive operation system for higher capacity utilisation. It also proposed to install a heavy structure mill of 105000 tpa and put up facilities to produce heavy structures. In the year 1996-97 the company has undertaken a project of 610 MM Heavy Structural Rolling Mill at Raipur with the total project cost estimated to be Rs 17.12 crores. Also the company has successfully implemented a power project of 3 MW capacity.During the year 1998-99 pursuant to the scheme of merger the Company took over Raipur Ferro Alloys (P) Ltd under the name of 'Casting Division'.

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