Arfin India Ltd Share Price

History of Arfin India Ltd

Arfin India Limited was incorporated on 10 April 1992 as a public limited Company. The company is engaged in the business of manufacturing, trading and selling of various non-ferrous metal products since its manufacturing activities are located at Chhatral, Dhanot and Vadaswami industrial areas in the State of Gujarat. The Company possesses an inherent production capacity of 71,000 metric tonnes per annum, supporting a diverse range of main products such as Aluminium Wire Rod, Aluminium Deox, Cored Wire, Aluminium Alloy Ingots, Ferro Titanium, and Conductor & Cables. Arfin's wide-reaching capabilities extend to supplying the Steel Sector, Automobile Sector, and Power Sector through its established product portfolio The Company added additional capacity of 5,000 metric tons per annum thr ...ough mechanization of existing machines during the year 2014-15. Cored Wire Mill Plant commissioned in March, 2015. In 2014-15, the company expanded its reach into the steel sector by extending its manufacturing strength to produce cored wire products which was followed by set up of Alloy Ingots Plant during 2015-16 and Ferro Alloys Plant during 2016-17. During 2017-18, the Company started supplying to Power Sector through its Conductor Plant. Mahendra Aluminum Company Limited, an erstwhile group company to the Arfin Group got amalgamated with the Company in 2017-18, through the Scheme of Amalgamation from April 01, 2017 and pursuant to the aforesaid Scheme of Amalgamation, the Company allotted 10,90,200 Equity Shares to the shareholders of Mahendra Aluminum Company Limited in the ratio of 92 New Equity Shares of Rs 10/- each of the Company against each 100 existing Equity Shares of Rs 10/- each held by such respective shareholders in Mahendra Aluminium Company Limited. During the year 2020-21, the company started production and sales from its second Aluminum Alloy Ingots Plant, which became operational located at Dhanot, Ghandinagar during the month of December, 2020. The company added 12000 metric tons per annum capacity through addition of this new plant of Alloy Ignots. The Company installed capacity of 15,000 metric tons per annum in the business of aluminium wire rod in 2024. The Company and JFE Shoji India have jointly entered into a Distributorship and Agency Agreement (D&A Agreement), positioning JFE Shoji as the exclusive distributor and agent for two of its flagship product lines - Aluminium Wire Rods and Aluminium Deox, starting April 1, 2024.