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About India Steel Works
Isibars, incorporated as Khanna & Roy Heavy Engineering in 1987 and was acquired by the present promoter H L Gupta took over the firm in 1990 and renamed it as Isibars in May 1991. The company manufactures and markets alloy steel, stainless steel rolled and cold-drawn products of various sizes and sections (inst. cap. : 40,000 tpa). Later Isibar took over the steel division of Zenith comprising the steel melting and rolling unit at Khopoli, Maharashtra.
Drawn stainless steel bars and bright bars, being corrosion-resistant, are used in the automobile, textile, machine tool, chemical, food, dairy and marine industries. Stainless steel flats are cold-rolled and used to manufacture stainless steel utensils.
The company increased its capacity for cold-finished bars to 10,000 tpa. The company's expansion-cum-backward integration project at Khopoli has been implemented and it started production from July, 1998 with a cost of Rs 120.52 crs.
In 2000-01 the company issued and allotted on private placement basis to ICICI Ltd, Secured Cumulative Zero Coupon Optionally Fully Convertible Debentures of the face value of Rs.53.31 cr at a discounted value of Rs.23.50 cr and Secured Non convertible Debentures of Rs.14.52 cr at a discounted value of Rs.6.4 Cr. The company made a reference to BIFR due to erosion of networth.
Parent Organisation
Indian Private
Managing Director
Sudhirkumar H Gupta
Founded
1987
NSE Symbol
ISIBARS
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India Steel Works Ltd FAQs
What is the share price of India Steel Works Ltd (ISIBARS) shares?
India Steel Works Ltd (ISIBARS) share price as of November 22, 2024, on NSE is Rs 5.25 (NSE) and Rs 5.25 (BSE) on BSE.
Can I buy India Steel Works Ltd (ISIBARS) from Angel One?
Yes, You can buy India Steel Works Ltd (ISIBARS) shares by opening a Demat account with Angel One.
How do I buy India Steel Works Ltd (ISIBARS) from Angel One?
India Steel Works Ltd (ISIBARS) share can be bought through the following modes:
1. Direct investment: You can buy India Steel Works Ltd (ISIBARS) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to India Steel Works Ltd (ISIBARS) shares.
1. Direct investment: You can buy India Steel Works Ltd (ISIBARS) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to India Steel Works Ltd (ISIBARS) shares.
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