Chaman Metallics Limited was originally incorporated as 'Chaman Metallics Private Limited' on November 10, 2003. Subsequently, the Company converted into a Public Company and renamed as 'Chaman Metallics Limited' vide a fresh Certificate of Incorporation dated April 22, 2008, issued by the Registrar of Companies, Mumbai.
The Company is primarily engaged in manufacturing and selling of Direct Reduced Iron (i.e. Sponge Iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. Their manufacturing unit is based at Chandrapur, Maharashtra.
At their sponge iron manufacturing unit, Company operate two Rotary kilns having an aggregate annual installed capacity of 72,000 MT for production of sponge iron. The strategic location of sponge iron manufacturing facility aids its access to high-quality iron ore, iron ore pellets, coal and dolomite which are the major raw materials for sponge iron manufacturing. During the production of sponge iron, a solid waste is produced as a by-product called dolochar, which is used in manufacturing steel billets, ingots and re-rolled products.
The manufacturing facility is equipped with requisite technology and infrastructure including machineries, testing laboratory other handling equipments to facilitate smooth manufacturing process. The key raw materials to produce sponge iron are iron ore/iron ore pellets, coal and dolomite. Sponge iron manufacturing is highly sensitive to raw ma ...terial characteristics that would help obtain the rated capacity and the desired product quality. To ascertain the suitability of raw materials in a rotary kiln, the Company hase in-house testing laboratory that is responsible for conducting tests on raw materials i.e .coal, iron ore and dolomite to check their chemical and physical properties, to ensure the conformity of product conform with pre-determined standards.
The Company commenced their commercial production at Chandrapur factory unit in year, 2005. Thereafter, in 2008 it purchased land in Chandrapur District, within the limits of Grampanchayat, Yerur. The Company was under the control of MSP Group from 2006 to 2019. In 2019, the Company was acquired by Raipur-based GR Group which is in steel business since 1996. The business operations are organized synergistically, through which it derive benefits after their acquisition by GR Group, which operates in various segment of steel i.e. Ferro alloys, Sponge Iron, MS Ingots and re-rolled products.
The Company came out with a Public Issue in January, 2023 by raising capital of Rs. 24.21 Crores through Fresh Issue.
Company commenced operations with the enhanced capacity of Sponge Iron, followed by the commissioning of the Captive Power Plant and the Ferro Alloys unit in April, 2025.
FAQs on Chaman Metallics Ltd
1. Can I buy Chaman Metallics Ltd from PL Capital? ›
Yes, you can invest in Chaman Metallics Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Chaman Metallics 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 Chaman Metallics Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Chaman Metallics Ltd pay dividends? ›
Chaman Metallics 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 Chaman Metallics Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Chaman Metallics Ltd. is ₹ 115 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Chaman Metallics Ltd ? ›
The 52-week high and low of Chaman Metallics Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
