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Panchmahal Steel Ltd.

BSE: 513511 Sector: Metals & Mining
NSE: PANCHMSTEL ISIN Code: INE798F01010
BSE 00:00 | 28 Jul 96.80 2.40
(2.54%)
OPEN

97.80

HIGH

99.10

LOW

93.00

NSE 05:30 | 01 Jan Panchmahal Steel Ltd
OPEN 97.80
PREVIOUS CLOSE 94.40
VOLUME 15180
52-Week high 111.75
52-Week low 17.60
P/E 18.83
Mkt Cap.(Rs cr) 185
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 97.80
CLOSE 94.40
VOLUME 15180
52-Week high 111.75
52-Week low 17.60
P/E 18.83
Mkt Cap.(Rs cr) 185
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Panchmahal Steel Ltd. (PANCHMSTEL) - Company History

Incorporated as a private limited company to manufacture 18000 tpa of mild steel ingots Panchmahal Steel (PSL) became a sick unit and a winding up petition was filed by the creditors. In Feb.'76 the Gujarat High Court sanctioned the takeover of PSL by R L Malhotra and Ashok Malhotra from the previous management.After the takeover the company turned around. Rolling facilities were set up in 1982 and secondary refining facilities were commissioned in 1986. PSL switched over from production of mild steel to carbon alloy and stainless steel. PSL has facilities to manufacture 75000 tpa of steel billets and 120000 tpa of rolled products at the GIDC Industrial Estate Panchmahal District Gujarat. Most of the steel billets manufactured by the company are captively consumed.The first stage of the technological upgradation and expansion of the rolling mill division commenced commercial production in Mar.'94 while the second stage was commissioned in Mar.'95. The capacity of the forgings division has also been expanded from 1800 tpa to 4200 tpa in 1994-95.PSL is putting up a modern steel melting shop with a capacity to produce 2 lac tpa of stainless steel billets. Company's exports has registered a growth of 20% during the year 2000-01 as the figures stood at Rs.49.30 crores as against Rs.41.23 crores in the previous year.The company's quality system has been accredited with ISO 9002 certification during the year 2000-01.During 2000-01 the company has issued 6000000 Equity Shares of Rs.10/- each for cash at par and were allotted to Promoters as this was a part of rehabilitation plan of the company.

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