Ankit Metal & Power Limited
2.50
INR
-0.05
(-1.96%)
ISIN
INE106I01010
Return %
Stock
S&P 500
1Y
29.53
14.20
3Y
-45.05
81.12
5Y
-12.89
68.34
Capital Structure
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Subham Bhagat
- Full Time Employees
- 1,016
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- SKP House Kolkata WB India 700026
- IPO Date
- Jul 10, 2007
- Website
- ankitmetal.com
- Similar Companies
- Business
- Ankit Metal & Power Limited is an integrated steel manufacturing company primarily engaged in the production of iron and steel products. Founded in 2002 and headquartered in Bankura, West Bengal, the company operates a manufacturing facility in Bankura, focusing on various steel-related products. Its main product portfolio includes sponge iron, iron ore pellets, mild steel (MS) billets, TMT bars, pig iron, re-rolled products, and structural steel items such as beams, channels, and angles. The company also manufactures a range of ferroalloys including ferro silicon, ferro manganese, and ferro chrome, which are essential raw materials for steel production. Additionally, Ankit Metal & Power operates a captive power plant with a capacity of 12.5 MW to support its steel-making activities and ensure a consistent energy supply. The company provides steel fabrication services involving cutting, bending, and welding, and is also involved in steel trading, sourcing and distributing quality steel products to customers predominantly in India. In terms of recent corporate developments, Ankit Metal & Power has been undergoing a corporate insolvency resolution process (CIRP) since 2024 with several meetings of the Committee of Creditors (CoC) announced during the year, signaling significant restructuring efforts. While specific large-scale acquisitions or new product launches in the last two years are not publicly highlighted, the insolvency proceedings and ongoing resolution plans represent major strategic operational changes impacting the company. Despite the financial restructuring, the company continues to serve the steel and allied industries with its established product lines and integrated manufacturing capabilities. Ankit Metal & Power caters mainly to construction, real estate developers, steel fabricators, and industrial consumers within eastern India and the broader regional market. The company was initially floated as an integrated steel plant in 2005 to produce 100,000 metric tons per annum (MTPA) of rolled products. This company operates entirely within India, with a particular geographic focus on West Bengal, and competes in the steel manufacturing and metal products sector. Ankit Metal & Power is part of the broader SKP group based in Kolkata. Its reputation in the market includes well-accepted own brand products such as ANKIT-TMT bars, reflecting its foothold in the regional steel industry. The strategic presence of a captive power plant alongside its manufacturing units exemplifies its integrated operational model aimed at cost efficiency and supply stability. The combination of steel product manufacturing, ferroalloy production, steel fabrication, and captive power generation positions Ankit Metal & Power as a multifaceted player in the iron and steel segment in India. Ankit Metal & Power Limited continues to focus on expanding its product offerings in the steel sector and managing operational challenges through financial restructuring measures while maintaining production of its core steel products and allied services across eastern India.