Incorporated in November, 1990, Shah Alloys Limited went public in 1992. It was promoted by Rajendrabhai V Shah and Rajiniben R Shah. The Company is engaged in the manufacture of Stainless Steel, Alloy & Special Steel, Carbon/ Mild Steel and Armour Steel in Flat and Long products of which it makes Hot Rolled Coils, Sheets & Plates , Cold Rolled Coils & Sheets , Hot Rolled Round Bars , Bright Round Bars , Hot Rolled Flat Bars , Angles, Beams etc.
The company came out with a public issue in Dec.'92 to part-finance an expansion scheme, and to meet long-term working capital requirements. The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products, financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr. The company recei ...ved the Dhatu Nayak Award for best performance in the stainless steel industry.
During 1998-99, the Company implemented the project of captive power plant having capacity of 20 MW. The project was financed through term loans and internal cash accruals.
Also in 2000-01, the company commissioned India's first 1800mm width Stainless Steel Slab Caster. The project of H R /S S Sheet /Coil was commissioned as per schedule. The company's ongoing diversification project of manufacturing of HR/SS Sheet/Coil was implemented during 2001-02.
During 2001-02 Shah Steel & Industrial Gases Limited was amalgamated with the company and accordingly 20 equity shares of Shah alloys were issued and allotted to Shah Steel & Industrial Gases Ltd pursuant to the scheme which provided for the company to issue shares in the ratio of one Equity Shares of the company for every 35 equity shares of Shah Steel & Industrial Gases Ltd.
The Company commenced the production of value added CRC Coils, with the commencement of two Cold Rolling Mills (CRMs) in FY. 2005-06.
During the year 2010-11, the Company was declared Sick Industrial Company under the provisions of Section 3(1)(0) of Sick Industrial Companies (Special Provisions) Act 1985.
Yes, you can invest in Shah Alloys Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Shah Alloys 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 Shah Alloys Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Shah Alloys Ltd pay dividends? ›
Shah Alloys 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 Shah Alloys Ltd ? ›
As of
05-12-2025 the share price for Shah Alloys Ltd. is 69.21 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Shah Alloys Ltd ? ›
The 52-week high and low of Shah Alloys Ltd share price is ₹ 43.3 - ₹ 83.85 as of
05-12-2025 .
PL Ringside View
Our fireside chat series where industry experts and top management share valuable insights for our clients
