Inducto Steel Ltd Company Summary

Inducto Steel Limited (ISL) was incorporated in the State of Gujarat in November, 1988. ISL is currently a diversified company in ship breaking activities and trades in metal scrap, coals, aluminum foil, coal & other inputs. At present the Company has partnership with M/s.

Calvin Divine Enterprises with 20% share and M/s. Shree Balaji Associates with 5% share. During the year 1996-97, production was affected due to the fire in the plant of the company.

In the same year company came out with a public issue of 23,36,000 equity shares of Rs. 10/- each for cash at par. Due to the sluggish market condition the company incurred a loss of Rs.9.41 lakhs in the year 1999-2000.

In period 2007-08, Inducto Technocastings Private Limited and Hariyana Industrial Gases Private Limited amalgamated with the Company through the Scheme of Amalgamation made effective on 27th August 2007.During financial year 2017-18, the Company started its business activities in Trading in Bhavnagar during 2018. During the financial year 2023-24, the Ship-Breaking Unit at Alang Ship Breaking Yard, Bhavnagar marked as key operational unit due to volatile prices of old ships, fluctuations in iron and steel products market and currency movements of the Indian Rupee against the US Dollar.