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RMG Alloy Steel Ltd

BSE: 500365 | NSE: REMIMETAL ISIN: INE731F01037
Market Cap: [Rs.Cr.] 39.58 Face Value: [Rs.] 6
Industry: Steel - Medium / Small

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Company Profile

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 70,000 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 1,00,000 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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Key Information

Key Executives:

Atul Desai , Chairman

Abhishek Mandawewala , Director

Ashok Jain , Director

Hanuman Kanodia , Nominee

Company Head Office / Quarters:

1 GIDC Industrial Area,
Valia Road Jhagadia,
Phone : Gujarat-91-2645-619700 / Gujarat-
Fax : Gujarat-91-2645-619800 / Gujarat-
E-mail : rmgl@remigroup.com
Web : http://www.remigroup.com


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Fund Holding
Scheme Name No. of Shares
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