Vaswani Industries Share price

Our company was incorporated under the Companies Act 1956 on July 22 2003 with the Registrar ofCompanies Madhya Pradesh and Chhattisgarh and we obtained Certificate of Business Commencementon February 10 2004. Our CIN is U28939C82003PLC015964. The company was established with theobject of manufacturing of Sponge Iron Steel Billets and captive power generation. We are presentlyengaged in integrated business of manufacturing Sponge Iron Steel Billets & Ingots and powergeneration. Our Company has manufacturing facilities in an industrial area at Sondra Village 14 km from Raipurrailway station. Our company installed first kiln of 1x100 TPD sponge iron in the year 2004-05 andcommissioned the production immediately thereafter. In the year 2005-06 we expanded the capacity to2x100 TPD due to increased demand. In the year 2009-10 we further expanded the capacity by installing1x100 TPD and the total capacity of Sponge Iron was enhanced to 3 x 100 TPD. Besides this we had also installed 3 Induction Furnaces in the year 2007-2008 with a capacity of 59400MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron. Apart from this we have also commenced power generation of 7.5 MW in the year 2007-08 (5 MW fromWaste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. Our powergeneration capacity was enhanced to 11.5 MW (9 MW from WHRB and 2.50 MW from Coal) during theyear 2010-11. In the year 2009 our company started selling surplus power generated to private powercompanies namely Lanco Electric Utility Limited and Others as well as State Electricity Board namelyChhattisgarh State Electricity Board. Key Events Milestones Milestone achieved2003-2004 Incorporation of the company with Authorized Capital of Rs. 300 Lacs 2005-2006Kiln I of the sponge iron unit commences production 2005-2006 Kiln II of the sponge iron unit commences production2007-2008 Commencement of production of Steel (Ingots Billets etc) 2007-2008 Commencement of generation of Power (7.50 MW)2010-2011Kiln III of the sponge unit iron commences production2010-2011Commencement of additional generation of Power (4MW)