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Company Information

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ABHA POWER AND STEEL LTD.

21 November 2024 | 12:00

Industry >> Castings/Foundry

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ISIN No INE0UYG01015 BSE Code / NSE Code / Book Value (Rs.) 12.14 Face Value 10.00
Bookclosure 52Week High 0 EPS 2.62 P/E 28.66
Market Cap. 108.36 Cr. 52Week Low 0 P/BV / Div Yield (%) 6.18 / 0.00 Market Lot 0.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated as "Abha Power and Steel Private Limited", a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 27, 2004, issued by the Registrar of Companies, Chhattisgarh. Our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an extraordinary general meeting held on March 30, 2024, and a fresh certificate of incorporation dated June 5, 2024, was issued by the Assistant Registrar of Companies, Central Processing Centre, consequent upon conversion, recording the change in the name of our Company to `Abha Power and Steel Limited'.

Major Events and Milestones:
2004
-Setting up of MS Ingot manufacturing plant in Hardikala village, Bilaspur, Chhattisgarh

2009
-Setting up of spheroidal graphite Iron Foundry

2016
-Transformation of Ingot making plant to steel foundry

2018
-First Export by our Company

2018
-Received empanelment/enlistment as a vendor for NMDC Limited (a Government of India enterprise)

2021
-Received manufacturing contract from Integral Coach factory, Chennai ( Body under Indian Railways) for supply of brake support , centering disc and other components.
-RDSO A class certification in 2021

2022
-Order of adapters to Indian Railways
-Setting up of 2.99 MW Solar power plant for captive use.

2023
-Received approval as a certified vendor for railway components from RDSO, Ministry of Railways.