Steelco Gujarat Ltd Share Price Steelco Gujarat

2.37

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Managing Director Mitesh Hiralal Shah
Independent Director Ameeta Trehan
Chairman Amish H Mehta
Independent Director AJAY PRATAPRAY SHANGHAVI
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.

REGISTERED OFFICE

Plot No 2 G I D C Indl Estate,
National Highway No 8 Palej,Bharuch,
Gujarat-392220

Tell. : +91-2642-2642-277479/481/277326
Website : http://www.steelcogujarat.com
Email : sgl@steelcogujarat.com

REGISTRAR OFFICE

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

Tell. : +91-22-49186000
Website : www.linkintime.com
Email : rnt.helpdesk@linkintime.co.in