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About Kanishk Steel Industries
Promoted by the Gupta brothers in 1989 as a private limited company, Kanishk Steel Industries has an installed capacity of 50,000 tpa to manufacture various steel products like tors, rounds, squares and profiles and structurals like channels, joints, I-beams, etc. It became a public limited company in Apr.'92 and entered the capital market in Nov.'92 to fund its expansion programme.
The company has embarked on an eco-friendly process of power generation through wind mills, by installing a 6-MW wind power project and has already started generating 4 MW. To augment resources for this project, it offered a (1:1) rights issue of FCDs, aggregating Rs 25 cr. The issue was also instrumental in increasing the capacity of the steel re-rolling mill from 50,000 tpa to 66,000 tpa.
A sizeable portion of its production is through conversion contracts with Indian Iron & Steel Company, Rashtriya Ispat Nigam and other producers of semis.
The company has expanded and diversifed its activities at a cost of Rs 400-cr integrated steel project (cap.: 3 lac tpa of steel billets) a technical assistance agreement was signed in Nov.'94, with the Chongquing Iron & Steel Company, China.
Parent Organisation
Indian Private
Managing Director
Vishal Keyal
Founded
1989
NSE Symbol
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What is the share price of Kanishk Steel Industries Ltd (Kanishk Steel Industries Ltd) shares?
Kanishk Steel Industries Ltd (Kanishk Steel Industries Ltd) share price as of November 1, 2024, on NSE is Rs 37.5 (NSE) and Rs 37.5 (BSE) on BSE.
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1. Direct investment: You can buy Kanishk Steel Industries Ltd (Kanishk Steel Industries Ltd) shares by opening a Demat account with Angel One.
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