Nova Iron & Steel Ltd

Key Stats

Day's Price Range
52-Week Price Range
1 Year Return-50.66 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 264
Rank 264
Rank 237
Dividend Yield
Rank 133
Rank 326
Price To Book Ratio
Debt To Asset
Rank 49

Company Information

Nova Iron Steel Ltd was incorporated in the year 1986. The company was promoted by Nova Magnetics Nova ElectroMagnetics and Nova Steels all belonging to R K Gambhir and G K Gambhir of the Nova group.The company is engaged in the manufacture of sponge iron. The company also provides product separation screening and storage facilities. During the year 199394 the company came out with a public issue of 52700000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur Madhya Pradesh.In July 15 1994 the company inaugurated the sponge iron plant at Bilaspur. In September 26 1994 they started trial production. The company entered into agreement with Nova Steels India Ltd for the supply of entire production of sponge iron. During the year 199495 the company started selling of their products in the market. The companys is one of the initial coalbased Sponge Iron Projects in India with the Technical know how from Lurgi Chemie MetaHurgie Industriebau GmbH Germany.The management has started focusing on an expansion plan and exploring possibilities of acquiring captive mines installation of power plant utilizing waste heat of kiln expansion of production capacity and installation of furnace.
OrganisationNova Iron & Steel Ltd