Balasore Alloys Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 21
Rank 22
Rank 7
Dividend Yield
Rank 4
Rank 20
Price To Book Ratio
Debt To Asset
Rank 16

Company Information

Balasore Alloys Ltd formerly known as Ispat Alloys IAL a part of Ispat Group was incorporated on 31 May 84 as a public limited company and engaged in the business of manufacturing silicon and ferro alloys.In Dec.87 it came out with a public issue of FCDs aggregating Rs 99.99 cr to finance its expansion and to strengthen longterm resources. Group companies include P T Ispat Indo Indonesia Caribbean Ispat Nippon Denro Ispat and Ispat Profiles. The company has entered into collaborations with Nippon Denro Manufacturing Company Japan Danieli Italy Elkem Norway and Outokumpu Finland. The company has commissioned two new furnaces and two imported D G sets. It has set up a Rs 132cr chrome ore pellet plant at Orissa a Rs 100cr project in Tripura and a Rs 624cr gasbased sponge iron project in Maharashtra. The company is setting up a 1mtpa hotstrip mill in Lysva Russia in a joint venture with Lysva Steel Works cost : 700 mln. It is also engaged in shipping looked after by Garuda Carriers and Shipping. It is investing 5 mln to acquire 41 equity in a Mexican company Compania Minera Autlan. IAL has received various awards such as the EEPC export award the HRD and Productivity Award for 1993 awarded by CII. The company has also received the IS 14002/ISO 9002 accreditation from the Bureau of Indian Standards thus establishing its commitments to quality and technological excellence. The company has also increased its captive power generation capacity by installing two new imported DG Set of 10.5 MW each also Company placed order another DG Set of 11.54 MW from MAN BW. at its works at Balgopalpur Orissa.Govt. of Orissa has sanctioned for allocation of 50 area of Chorme Ore Mines in Sukinda Valley. Company has plan to start mining in shortest possible period which will alow the company to source its raw material at comparatively cheaper price and the same shall improve the profitability of Company.During the year 19992000 the Company implemented installation of most modern Jigging machine resulting in higher metal recovery and yield.In the year 200001 the company has successfully commenced chrome mining operations and also taking steps for beneficiation and conversion of chrome ore.
OrganisationBalasore Alloys Ltd
IndustryMining & Mineral products