Ahmedabad Steelcraft Share price

AHMEDABAD STEELCRAFT LIMITED was originally set up as apartnership firm in late sixties. The Company had lot of teethingtroubles at the initial stage for getting rolling technology andalso non-availability of raw materials. Thereafter theoperations of the Company was streamlined in 1972 when thepartnership firm was dissolved and the unit was converted into aprivate limited company vide Incorporation on 14th July 1972under the name and style of Ahmedabad Steelcraft & RollingMills Pvt. Ltd. Subsequently the name of the Company was changed toits present name on 2nd January 1989. A fresh certificate ofIncorporation was obtained consequent to the change in the namefrom the Registrar of Companies Gujarat.The Company initially started its operations by manufacturing mostcommonly used structurals like rods flats etc. and graduallygained expertise to roll hi-tech Sections. Subsequently the Companyalso ventured into rolling more complicated Sections and fullrange of ISI British and Belgium Standard Sections. Today theCompany is a leading and largest manufacturer of Mild Steel WindowSections Door & Ventilator Sections and Special Profiles. It isalso a leading exporter of the Sections for the last severalyears and has won many awards from the Government of India.(Source : Letter issued by Gujarat Re-Rolling Mills Association)Over the years the Company has carved out a niche for itself in therelatively difficult field for rolling steel profiles andsections to stringent international accuracy levels which speaksof the quality of equipment structure as well as thetechnological know-how possessed by the Company. The Company has beencontinuously updating the equipment structure and facilitiesfrom time to time over the years to keep abreast oftechnological developments and market demands especially inwindow sections. Today it is the only company in India whichhas successfully mastered the manufacture of the entire range ofwindow sections. The Company offers forty different range of windowsections as against 4 or 5 commonly used sections offered by avery large percentage of window sections manufacturers. The Company has developed complicated Sections which were importsubstitutes catering to the requirements of host of otherindustries such as Automobiles Constructions Earth MovingEngineering Railways & Textiles.Then Company''s entire production activity is based on indigenousknow-how as generated by its own R & D activity and none of ithas been acquired with a foreign tie-up or collaboration. The Companywas also associated with the ISI in setting standards forWindow Sections in the Country.The Company also has a large and well developed export base. Itstarted its export activities way back in 1977. Over the pastfew years the Company has been consistently shipping 30% of theproduction to the shores of various countries including theUnited States of America Canada Singapore Hong Kong EgyptMauritius Sierra Leone Kenya Uganda amongst others. For itsexcellent export performance the company has received exportawards from Engineering Export Promotion Council for 1976-7777-78 78-79 and 80-81.For the past few years the Company has been working as supportivemanufacturer of Tata Iron and Steel Company Ltd. (TISCO) fortheir Engineering Exports Division.The Company now proposes to expand its present capacities and upgradeits manufacturing facilities. It also proposes to generate 0.5MW of electric power by installing 2 Wind Mills.