India Steel Works Share Price

India Steel

CMP as on30-Oct-20 11:31

₹ 0.42
-0.01 -2.33%

Open

₹ 0.45

Turnover (lac)

₹ 1

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Day's Vol (shares)

₹ 25,957

Day's Range

₹ 0.41
₹ 0.45

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.

  • Managing Director

    Sudhirkumar H Gupta
  • Independent Director

    Bimal Desai
  • Whole Time Director & CFO

    Varun S Gupta
  • Chairman & Independent Directo

    Tilak Raj Bajalia
  • Independent Director

    Kavita R Joshi
  • Nominee

    Anant Badjatya
  • Independent Director

    Ridhi Shah
  • Whole-time Director

    Deepak Kumar Gaur
  • Company Secretary

    Dilip Maharana

Registered Office

Zenith Compound,
Khopoli,Raigad,
Maharashtra-410203

REGISTRAR OFFICE

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