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Uni-Metal Alloys Ltd.

BSE: 513482 Sector: Metals & Mining
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Uni-Metal Alloys Ltd
NSE 05:30 | 01 Jan Uni-Metal Alloys Ltd

Uni-Metal Alloys Ltd. (UNIMETALALLOYS) - Company History

Incorporated on 27th October 1983 in Andhra Pradesh at Hyderabad Uni-Metal Alloys was promoted by Sushil Kumar Bhagat as its Managing Director.This Company was formed with an object to manufacture of Mild Steel Ingots with Induction Furnace route at Balanagar in Hyderabad. The certificate for Commencement of Business was granted on December 3 1983. The commercial production commenced from February 1 1985. In 1988 the company diversified into manufacture of Iron Castings initially for captive use and now also for exports and merchant sales. Presently the company manufactures MS Steel Ingots CI Castings Moulds etc with an installed capacity of 29400 tpa.In 1993 it cameout with an Public Issue of 4000000 Equity Shares of 10 each for cash at par aggregating to Rs. 400 Lakhs. This issue was made with the object to undertake modernisation scheme which will reduce the cost of production and improve the quality of the products and also to tap for Export Market for special grade castings and heavy duty castings.The company has no foreign collaboration.