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Steelco Gujarat Ltd.

BSE: 500399 Sector: Metals & Mining
NSE: STEELCOGUJ ISIN Code: INE629B01024
BSE 00:00 | 26 Apr Steelco Gujarat Ltd
NSE 05:30 | 01 Jan Steelco Gujarat Ltd
OPEN 1.76
PREVIOUS CLOSE 1.76
VOLUME 500
52-Week high 2.78
52-Week low 1.53
P/E
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.76
CLOSE 1.76
VOLUME 500
52-Week high 2.78
52-Week low 1.53
P/E
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Steelco Gujarat Ltd. (STEELCOGUJ) - Company History

Incorporated in Jan.'89 Steelco Gujarat is promoted by SPICA Investments Mauritius belonging to Chanderias (the NRI group) and Essar Gujarat (11% stake).Steelco was set up to implement a Rs 186-cr project to produce cold-rolled coils and flat-rolled products (inst. cap. : 2 lac tpa). The project part-financed by an issue in Aug.'93 was delayed by six months resulting in a cost overrun of Rs 30 cr. The company has been producing cold-rolled products since Apr.'94 and is yet to take up the production of more value-added products like galvanised sheets.The company has a technical collaboration with Hitachi Japan for setting up a cold-rolling mill with performance guarantee and for training all the employees of the company. Steelco has a technical support agreement for an electrolytic cleaning line with Nippon Denro Japan.The company was referred to BIFR in 1997-98. BIFR has decalred the company as a Sick Company and has appointed ICICI as an operating agency. ICICI the OA has submitted its report to BIFR a draft scheme of rehabilitation of the comany which is under consideration by the FIs/Banks.

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