Nova Iron & Steel Ltd was incorporated in the year 1986. The company was promoted by Nova Magnetics, Nova Electro-Magnetics 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 and steel. The company also provides product separation, screening, and storage facilities.
During the year 1993-94, the company came out with a public issue of 5,27,00,000 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 1994-95, the company started selling of their products in the market.
The company's is one of the initial coal-based Sponge Iron Projects in India with the Technical know how from Lurgi Chemie MetaHurgie Industriebau GmbH, Germany.
The 12 MW Waste Heat Recovery Based (WHRB) Power Plant and Induction Furnace was installed in 2015-16. 500 TPD Sponge Iron Plant operations started in 2016.
1. Can I buy Nova Iron & Steel Ltd from PL Capital? ›
Yes, you can invest in Nova Iron & Steel Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Nova Iron & 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 Nova Iron & Steel Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Nova Iron & Steel Ltd pay dividends? ›
Nova Iron & 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 Nova Iron & Steel Ltd ? ›
As of
14-10-2025 the share price for Nova Iron & Steel Ltd. is 14.07 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Nova Iron & Steel Ltd ? ›
The 52-week high and low of Nova Iron & Steel Ltd share price is ₹ 11.19 - ₹ 23.99 as of
14-10-2025 .
PL Ringside View
Our fireside chat series where industry experts and top management share valuable insights for our clients