Mideast Integrated Steels Ltd

Mideast Integrated Steels Ltd (MIDEASTSTL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return1.22 %
3 Month Return28.77 %
1 Year Return1.72 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 58
Rank 59
Rank 49
Dividend Yield
Rank 21
Rank 138
Price To Book Ratio
Debt To Asset
Rank 16

Company Information

Mideast Integrated Steels MISL has set up a project to manufacture 4.64 lac tpa of pig iron. This is the first IndoChinese joint venture in the steel sector in financialcumtechnical collaboration with China Iron Steel Industry Trade Group Corporation CSGC. It is also the first 100 EOU to manufacture foundrygrade pig iron. Moreover the capacity 4.64 lac tpa is the largest in the private sector. The project was financed by a public issue in Sep.94.The technology is being supplied by CSGC a stateowned foreign trade corporation of China which has supplied knowhow to and has a substantial financial stake in most steel plants in China. MISL has paid US 2523000 to CSGC as fees for technological knowhow and consultancy services.The Chinese technology has some advantages over that from the West. It has scope for injecting oxygen ensuring higher startup temperature and hence lower tap time. It also has a provision for coal injection thereby cutting coke costs to some extent. During the year 199697 the capacity was increased to 700000 TPA and cost of the project was revised to Rs 457 crores. The project is in the last phase of implementation and having regard to the current progress of the project it can be confidently confirmed that Blast Furnaces will commerce production by June 1998.
OrganisationMideast Integrated Steels Ltd
HeadquartersNew Delhi