Steelco Gujarat Ltd Share Price Steelco Gujarat


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Managing Director Mitesh Hiralal Shah
Independent Director Ameeta Trehan
Chairman Amish H Mehta
Director Praful Chandaria
Company Secretary Dinesh Singh Jhala

Incorporated in Jan.89, Steelco Gujarat is promoted by SPICA Investments, Mauritius, belonging to Chanderias (the NRI group), and Essar Gujarat (11% stake).Steelco was set up to implement a Rs 186-cr project to produce cold-rolled coils and flat-rolled products (inst. cap. : 2 lac tpa). The project part-financed by an issue in Aug.93, was delayed by six months resulting in a cost overrun of Rs 30 cr. The company has been producing cold-rolled products since Apr.94 and is yet to take up the production of more value-added products like galvanised sheets.The company has a technical collaboration with Hitachi, Japan, for setting up a cold-rolling mill with performance guarantee and for training all the employees of the company. Steelco has a technical support agreement for an electrolytic cleaning line with Nippon Denro, Japan.The company was referred to BIFR in 1997-98. BIFR has decalred the company as a Sick Company and has appointed ICICI as an operating agency. ICICI, the OA, has submitted its report to BIFR, a draft scheme of rehabilitation of the comany, which is under consideration by the FIs/Banks.


Plot No 2 G I D C Indl Estate,
National Highway No 8 Palej,Bharuch,

Tell. : +91-2642-2642-277479/481/277326
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C-101 247 Park,
Vikhroli West,Mumbai-400083

Tell. : +91-22-49186000
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