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Welspun Specialty Solutions Ltd.

BSE: 500365 Sector: Metals & Mining
NSE: REMIMETAL ISIN Code: INE731F01037
BSE 00:00 | 09 Apr 16.18 0.02
(0.12%)
OPEN

16.49

HIGH

17.25

LOW

16.00

NSE 05:30 | 01 Jan Welspun Specialty Solutions Ltd
OPEN 16.49
PREVIOUS CLOSE 16.16
VOLUME 471227
52-Week high 17.25
52-Week low 5.50
P/E
Mkt Cap.(Rs cr) 857
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.49
CLOSE 16.16
VOLUME 471227
52-Week high 17.25
52-Week low 5.50
P/E
Mkt Cap.(Rs cr) 857
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Welspun Specialty Solutions Ltd. (REMIMETAL) - Company History

Incorporated as Remi Metals Remi Metals Gujarat acquired its present name (RMGL) on 23 Jan.'93. The company has been promoted by V C Saraf and R C Saraf along with the Remi group and the Doshi group of Kenya together with the Gujarat Industrial Investment Corporation and Essar Gujarat. Other group concerns are Rajendra Mechanical Industries Rajendra Electrical Industries Remi Process Plant and Machinery etc. The company came out with a Rs 38-cr public issue in Feb.'94 to part-finance its proposed project at a project cost of Rs 220 cr. RMGL is in the field of steel. Its products include seamless pipes steel etc. The major clients of RMGL are ONGC Oil India the bearings industry etc. Its plant is located in Bharuch Gujarat. RMGL is establishing a seamless pipes/tubes plant to manufacture 70000 tpa of carbon-alloy steel seamless pipes/tubes in technical collaboration with Intertech Internationale Techniscle Assistenz Germany. The company has also set up in-house steel manufacturing and rolling capacity of 100000 tpa. The steel-making capacity has been increased from 25 tonnes to 35 tonnes per charge. Seamless pipes with total backward integration of the steel-making facility and rolling mill commenced trial production and commenced its commercial production in Oct'97.The company has been declared sick by BIFR and IDBI has been appointed as Operating Agency.

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