India Steel Works Share Price

India Steel

CMP as on26-Nov-21 15:53

₹ 2.69
0.12 4.67%

Open

₹ 2.69

Turnover (lac)

₹ 6

Prev. Close

₹ 2.57

Day's Vol (shares)

₹ 3,11,865

Day's Range

₹ 2.69
₹ 2.69

Isibars, incorporated as Khanna & Roy Heavy Engineering in 1987 and was acquired by the present promoter H L Gupta took over the firm in 1990 and renamed it as Isibars in May 1991. The company manufactures and markets alloy steel, stainless steel rolled and cold-drawn products of various sizes and sections (inst. cap. : 40,000 tpa). Later Isibar took over the steel division of Zenith comprising the steel melting and rolling unit at Khopoli, Maharashtra. Drawn stainless steel bars and bright bars, being corrosion-resistant, are used in the automobile, textile, machine tool, chemical, food, dairy and marine industries. Stainless steel flats are cold-rolled and used to manufacture stainless steel utensils. The company increased its capacity for cold-finished bars to 10,000 tpa. The companys expansion-cum-backward integration project at Khopoli has been implemented and it started production from July, 1998 with a cost of Rs 120.52 crs. In 2000-01 the company issued and allotted on private placement basis to ICICI Ltd, Secured Cumulative Zero Coupon Optionally Fully Convertible Debentures of the face value of Rs.53.31 cr at a discounted value of Rs.23.50 cr and Secured Non convertible Debentures of Rs.14.52 cr at a discounted value of Rs.6.4 Cr. The company made a reference to BIFR due to erosion of networth.

  • Non-Exec. & Independent Dir.

    Bimal Desai
  • Managing Director

    Varun S Gupta
  • Whole-time Director

    Deepak Kumar Gaur
  • Company Secretary

    Dilip Maharana
  • Independent Director

    Bhavna B Devda
  • Chairman

    Sudhirkumar H Gupta
  • Additional Director

    Santino Racco Morea
  • Additional Director

    Harpreet Baweja
  • Additional Director

    Aastha Sharma
  • Additional Director

    Karan Lamba

Registered Office

Zenith Compound,
Khopoli,Raigad,
Maharashtra-410203

REGISTRAR OFFICE

C-101 247 Park,
Vikhroli West,Mumbai-400083
INDIA