Jai Balaji Industries Share price

Brief History of the GroupJai Balaji Group is one of the major groups among secondary steelproducers in Eastern India. The group has a long experience of morethan a decade in steel industries. Mr. Sanjiv Jajodia Rajiv Jajodia and Aditya Jajodia are the promotersof the group. The combined turnover of the group for the FY 2002-03 isRs. 125 crore and is expected to cross Rs.250 crores by the FY 2003-04.The group started its steel manufacturing operation when it acquiredChandi steel Industries Ltd. in 1991. Jai Salasar Balaji IndustriesPvt. Ltd. was the first green field project of the group to manufactureMS Ingot which was set up in the year 1995. Jai Balaji Sponge Limitedwas formed as a private limited company in the year 1999 convertedlater into public limited company on July 26 2002. The first spongeiron kiln started commercial production in the month of April 2000.Brief History of the CompanyM/s Jai Balaji Sponge Pvt. Ltd. having its registered office at 5Bentinck Street Kolkata-700 001 West Bengal was incorporated on01.07.1999.The name has subsequently changed to Jai Balaji Sponge Ltd.on 26.07.2002.