Abha Power and Steel Limited was initially incorporated as 'Abha Power and Steel Private Limited', a Private Limited Company, dated May 27, 2004, issued by the Registrar of Companies, Chhattisgarh. Company has converted into a Public Limited Company dated June 5, 2024, and the name of Company is changed to Abha Power and Steel Limited'.
The Company is engaged in the business of iron and steel foundry, especially into casting and manufacturing customised products in all grades of iron and steel. The product covers all rades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings, HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting. The Company is a RDSO certified vendor for supply of certain casting products to Indian Railways and an approved vendor for supply of certain casting products to National Mineral Development Corporation and Integral Coach Factory, Chennai. It export products to over 6 countries, such as UAE, Germany, Canada, Italy and Netherlands.
The Company started the business in year 2004 with setting up of steel ingot and billets manufacturing plant in Hardikala Village, Bilaspur, Chhattisgarh. It added another facility in 2009 in the form of a spheroidal graphite Iron Foundry (SG iron foundry/ ductile iron foundry) to cater Indian Railways. Further, supported and motivated by market response of SG iron foundry, it transformed Ingot making plant to steel foundry in 2016.
...
At present, the Company operate two foundries i.e. SG iron foundry and steel foundry at manufacturing facility located at Silpahri Industrial Area, Bilaspur, Chhattisgarh. The aggregate installed capacity of Manufacturing Facility is 14,400 metric tonne per annum. The Company further established 2.99 MW Solar power plant for captive use in 2022. It commissioned a 3 MW captive solar power plant in FY23.
The Manufacturing Facility is ISO 9001:2015 certified for designing, developing, manufacturing, supply of all iron and steel castings and assemblies for steel, power and cement industries, and also parts for Indian Railways such as SGCI inserts, adopters, valve casting and other similar casting items.
The Company launched the IPO by issuing 51,39,200 equity shares of Rs 10 each by raising Rs 38.54 crore, consisting a fresh issue of 41,39,000 equity shares aggregating to Rs 31.04 crores and the offer for sale of 10,00,000 equity shares aggregating to Rs 7.5 crores in November, 2024.
The Company has established a machine shop and installation of a continuous sand mixer along with various improvements in infrastructure in FY 2025.
FAQs on Abha Power and Steel Ltd
1. Can I buy Abha Power and Steel Ltd from PL Capital? ›
Yes, you can invest in Abha Power and Steel Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Abha Power and Steel Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Abha Power and Steel Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Abha Power and Steel Ltd pay dividends? ›
Abha Power and Steel Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Abha Power and Steel Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Abha Power and Steel Ltd. is ₹ 32.9 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Abha Power and Steel Ltd ? ›
The 52-week high and low of Abha Power and Steel Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
