Steelco Gujarat Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 59
Rank 57
Rank 58
Dividend Yield
Rank 21
Rank 86
Price To Book Ratio
Rank 59
Debt To Asset
Rank 15

Company Information

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 186cr project to produce coldrolled coils and flatrolled products inst. cap. : 2 lac tpa. The project partfinanced 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 coldrolled products since Apr.94 and is yet to take up the production of more valueadded products like galvanised sheets.The company has a technical collaboration with Hitachi Japan for setting up a coldrolling 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 199798. 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.
OrganisationSteelco Gujarat Ltd