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Nova Iron & Steel Ltd.

BSE: 513566 Sector: Metals & Mining
NSE: NOVAIRNSTL ISIN Code: INE608C01026
BSE 00:00 | 18 Jun 18.78 0.89
(4.97%)
OPEN

18.78

HIGH

18.78

LOW

18.77

NSE 05:30 | 01 Jan Nova Iron & Steel Ltd
OPEN 18.78
PREVIOUS CLOSE 17.89
VOLUME 9956
52-Week high 18.78
52-Week low 3.16
P/E
Mkt Cap.(Rs cr) 68
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 18.78
CLOSE 17.89
VOLUME 9956
52-Week high 18.78
52-Week low 3.16
P/E
Mkt Cap.(Rs cr) 68
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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 52700000 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.