September 21, 2010

Essar Steel Limited

Incorporated in 1976 as Essar Gujarat Limited , Essar Steel Limited belongs to the renowned ESSAR Group of S + R ( Shashi + Ravi Ruia Brothers )

Registered Office :-

Hazira- 394270

RTA :-

Data Software Research Co. Pvt. Limited ,
Chennai-.600024

Chairman : SN Ruia
Director Marketing : Vikram Amin
Director Operations :Dilip Oommen
director Finance ; Mahadev Iyer
Directors
PS Ruia
RR Ruia
SV Venkatesan
Jatinder Mehra
VG Raghavan
Malay Mukherjee
KV Krishnamurthy
Jatinder Balakrishnan

Company Secretary
Narottam B Vyas

Operations

Essar Steel Limited operates an integrated steel plant ( 4.6 MTPA ) in Hazira (Gujarat ). ;
Ore benefication plant ( 8 MTPA ) at Kirandul and Pelletisation at Vizag
precoated facility at Pune .

Further , large expansions are under way at Hazira and Orissa plant

Essar Steel Limited through at the Reverse Book Building process in 2007 delisted from the Stock Exchanges at the " discovered Price " of Rs. 48.

http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

Presently , Essar Steel Holdings Limited ( which in turn is a subsidiary of Essar Global Limited -Cayman Island -the ultimate holding Company ) is the holding company of Essar Steel Limited.

Financials ( 31-03-2010 )

Share Capital : Rs.1184 cr
Share Capital ( to be allotted on amalgamation )Rs 1073 cr
Reserves : Rs. 6834 cr.

Amalgamations

Essar Steel ( Hazira ) Limited ;
Hazira Plate Limited
Hazira Pipe Mil Limited and
Essar Steel Orissa Limited

have been amalgamated with Essar Steel Limited


( 2009-2010 )

Sales : Rs. 10,893 cr
Gross Profit : Rs.1764 cr
Net Profit :Rs. 22 cr
Dividend : Nil

Status : Delisted and Illiquid

http://www.essar.com/

http://www.financialexpress.com/news/essar-steel-to-raise-r3000cr-convertible-debt/1038786 

http://www.rareindianshares.info/2013/04/essar-steel-major-debt-refinance.html
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March 26, 2016



General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

3 comments:

Niraj Kajaria said...

We are buying Essar Steel at Rs.58/= any quantity pls call 9831077353, 9830022485

Anonymous said...

would you be interested in buying it now

Micheal Kelvin said...

Looking for steel pipes distributors you can find cheap products here. Good luck