Ashirwad Steels & Industries Ltd Share Price

Summary

Ashirwad Steels & Industries Limited was registered on February 2, 1986 at Kolkata, West Bengal. The Companys principal product is sponge iron, which is manufactured at its plants located in Jamshedpur, and in Nalgonda District of Andhra Pradesh. The Company operates in two segments: sponge iron and gas. The Companys products include sponge iron and hydrocarbon gas/liquefied petroleum (LP) gas. The Companys LPG bottling plants are located at Howrah, West Bengal and Kisnapur in Chhattisgarh. The Companys main business for a very long time had been to manufacture and produce sponge iron at its own plants located at Jamshedpur and at Nalgonda (Telengana). However, Company sold out the said Plant at Jamshedpur during financial year 2021-22 and had sold out its Nalgonda based Sponge Iron Plant during FY 2018-19. Thus, the Company is now completely out of the business of Sponge Iron. Besides above; the Company had two LPG bottling plants located at Uluberia Industrial Growth Centre, Howrah, West Bengal and the second one at Raigarh in the State of Chattisgarh. The former was given on lease/sub lease to M/s SHV Energy Private Limited since the year 2000 and was ultimately sold to the same Company and deal whereof was completed in financial year 2022-23 after completing all formalities and receipt of the agreed consideration value. During the FY 2018-19; the Company sold off its Sponge Iron Plant to M/s. MPL Steel Industries Pvt. Ltd. by way of slump sale as a going concern for a con
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