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CHENNAI FERROUS INDUSTRIES LTD.

21 November 2024 | 04:00

Industry >> Steel - Sponge Iron

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ISIN No	INE777O01016	BSE Code / NSE Code	539011 / CHENFERRO	Book Value (Rs.)	59.58	Face Value	10.00
Bookclosure	25/09/2024	52Week High	175	EPS	7.74	P/E	16.72
Market Cap.	46.66 Cr.	52Week Low	103	P/BV / Div Yield (%)	2.17 / 0.00	Market Lot	1.00
Security Type	Other

History of Company

The company history sections lists out major chronological events that happened to the company.

CHENNAI FERROUS INDUSTRIES LIMITED was incorporated on May 07, 2010, as a public limited Company, under the Companies Act, 1956 with the main objects to manufacture of Sponge Iron products.

With the end and intent of realigning the business operations undertaken by Kanishk Steel Industries Limited ("Demerged Company"), all the assets and liabilities of the Sponge Iron Division of the Demerged Company have bee vested with Chennai Ferrous Industries Limited on a going concern basis in accordance with Sections 391 to 394 of the Companies Act, 1956.