JUST IN
You are here » Home » Companies » Company Overview » Nova Iron & Steel Ltd

Nova Iron & Steel Ltd.

BSE: 513566 Sector: Metals & Mining
NSE: NOVAIRNSTL ISIN Code: INE608C01026
BSE 13:47 | 08 Jul 3.70 -0.05
(-1.33%)
OPEN

3.75

 HIGH

3.75

 LOW

3.57
NSE 05:30 | 01 Jan Nova Iron & Steel Ltd
Add to Watchlist  |   Add to Portfolio
OPEN 3.75
PREVIOUS CLOSE 3.75
VOLUME 47
52-Week high 8.30
52-Week low 2.05
P/E
Mkt Cap.(Rs cr) 13
Buy Price 3.70
Buy Qty 78.00
Sell Price 3.75
Sell Qty 360.00
OPEN 3.75
CLOSE 3.75
VOLUME 47
52-Week high 8.30
52-Week low 2.05
P/E
Mkt Cap.(Rs cr) 13
Buy Price 3.70
Buy Qty 78.00
Sell Price 3.75
Sell Qty 360.00

Nova Iron & Steel Ltd. (NOVAIRNSTL) - Company History

Nova Iron & Steel Ltd was incorporated in the year 1986. The company was promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R K Gambhir and G K Gambhir of the Nova group. The company is engaged in the manufacture of sponge iron. The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5,27,00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur. In September 26, 1994, they started trial production. The company entered into agreement with Nova Steels (India) Ltd for the supply of entire production of sponge iron. During the year 1994-95, the company started selling of their products in the market. The company's is one of the initial coal-based Sponge Iron Projects in India with the Technical know how from Lurgi Chemie MetaHurgie Industriebau GmbH, Germany. The management has started focusing on an expansion plan and exploring possibilities of acquiring captive mines, installation of power plant utilizing waste heat of kiln, expansion of production capacity and installation of furnace.

Browse STOCK Companies

Quick Links for Nova Iron & Steel: