Jainam Ferro Alloys (I) Share Price Live

The Company was originally incorporated as 'Jainam Infraways Private Limited' on March 06, 2014 under provisions of the Companies Act, 1956 with Registrar of Companies, Chhattisgarh. Further, Company was converted into a Public Limited Company pursuant to Shareholder's Resolution passed in Extra Ordinary General Meeting of the Company held on June 26, 2018 and consequently, the name of Company was changed to 'Jainam Infraways Limited' vide a fresh Certificate of Incorporation dated July 10, 2018 issued by the Registrar of Companies, Chhattisgarh. Subsequently, pursuant to Shareholder's Resolution passed at the Extra Ordinary General Meeting held on August 08, 2018, name of the Company got changed from 'Jainam Infraways Limited' to 'Jainam Ferro Alloys (I) Limited' vide a fresh Certificate of Incorporation dated August 29, 2018 issued by Registrar of Companies, Chhattisgarh. Mr. Archit Parakh and Mr. Aditya Parakh are the current Promoters of the Company . The Company is currently manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn). The products manufactured by Company are primarily used in manufacturing of steel and in foundry activities. Both the alloys are largely used in steel industry. The Company is India's leading manufacturer and exporters of niche value-added manganese alloys. Ferro-manganese adds strength, toughness and other properties to steel. Silico manganese provides additional silicon which is a stronger De-oxidant in manufacturing steel. In year 2016, the Company took over the ferro alloy plant of M/s Raghuvir Ferro Alloys Private Limited vide Sale Deed dated June 21, 2016. Pursuant to the Sale Deed, Company acquired the entire factory of M/s Raghuvir Ferro Alloys Private Limited having its factory located at Raipur, Chhattisgarh, including Super Structure Factory Shed, Administrative Buildings, Plant and Machinery, Weigh Bridge, Electrical Installation, Office equipment together with all rights, concessions, licenses and other privileges and the allotted manganese ore mines at Village Jagantola, Dist. Balaghat, Madhya Pradesh with valid lease period up to 2028, which was later extended up to 2058 by the State Government vide Extension Lease Deed dated April 11, 2018. In 2016, the Company started commercial production with one furnace having designed capacity of 9 MVA with 5000 KVA power load for the production of Ferro alloys of the different grades. In June 2017, the Company started another furnace having designed capacity of 6 MVA with 4000 KVA power load for the same manufacturing activity. The products manufactured by Company are primarily used in manufacturing of steel and in foundry activities. It is used as an alloying element which enhances some key physical properties of steel like elasticity, ultimate tensile, strength and toughness etc. Sometimes addition of some elements in the form of alloys is done deliberately to liquid steel for developing abrasion resistance, wear resistance and corrosion resistance properties. Apart from using manganese alloys for alloying the steel, they are also widely used for deoxidizing, desulphurization & refining of steel. Phosphorus and other elements can also be controlled depending on customer specification. Smaller quantities of alloys are used as reductant to produce other metals. Besides their use in plain carbon steel and alloy steel plants, Ferro alloys are consumed by the foundries and electrode industries. In ceramic industries, manganese alloys are used in small quantities.