India Steel Works Ltd Share Price India Steel


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Executive Chairman Ashwinkumar H Gupta
Managing Director Sudhirkumar H Gupta
Independent Director Bimal Desai
Whole Time Director & CFO Varun S Gupta
Independent Director Tilak Raj Bajalia
Independent Director Kavita R Joshi
Nominee Anant Badjatya
Independent Director Ridhi Shah
Company Secretary Dipti Vartak
Whole-time Director Deepak Kumar Gaur

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.


Zenith Compound,

Tell. : +91-02192 265812
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C-101 247 Park,
Vikhroli West,Mumbai-400083

Tell. : +91-22-49186000
Website :
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