German Green Steel & Power Ltd Company Summary

German Green Steel and Power Limited was initially incorporated as Haq Enterprises Private Limited on July 09, 2008 as a private limited Company, issued by the Asst. Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The name of the Company was changed to Haq Steels and Metaliks Private Limited dated April 12, 2018.

Thereafter, the status of the Company became a Public Limited Company, Haq Steels and Metaliks Limited dated May 4, 2018 and later on was named German Green Steel and Power Limited dated January 18, 2024 via fresh certificate of Incorporation issued by the RoC.The Company is vertically integrated iron and steel manufacturer with a main focus on TMX Bars. It has 2 manufacturing facilities; one located at Samakhiyali which is vertically integrated, and the other is located at Viramgam primarily operating in Gujarat. Their product mainly comprise of TMT Bars, MS Billets and Sponge Iron.

Samakhiyali Facility is vertically integrated and supported by own captive power plant which comprises of waste heat and thermal power plant and also a hybrid wind solar power plant. In addition, Viramgam Facility has the business supported by the captive hybrid wind solar plants.In 2019, the Company commissioned its Samakhiyali Unit, further commissioned the 4.24 MW Wind Solar Hybrid project in 2023. The Company acquired a 97% stake in German TMX Private Limited, making it a subsidiary in 2024.

The Company launched the IPO aggregating the issuance of 2,18,63,309 equity shares of Rs 10 each and raised Rs 303.90 crore on September 29, 2026. The offer comprise a fresh issue of 2,08,63,309 equity shares of Rs 290 crore and the offer for sale of 10,00,000 equity shares of Rs 13.90 crore in the price band of Rs 132 to Rs 139 per Equity Share. The Company has ventured into selling of cut & bend and epoxy coated TMT Bars during FY26.