Steelco Gujarat Limited
BBSE:STEELCO203.15
INR
-4.10
(-1.98%)
Steelco Gujarat Limited
BSE:STEELCO
(Bombay Stock Exchange)
Recent
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203.15
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- -
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- Business
- Steelco Gujarat Limited is an India-based steel manufacturing enterprise engaged in the processing, manufacturing, and distribution of cold-rolled and coated flat steel products. Founded in 1989 and headquartered in Palej, Bharuch District, Gujarat, India, the company operates integrated production facilities within the Palej GIDC Industrial Estate. Steelco Gujarat Limited offers a comprehensive portfolio of flat steel solutions, comprising cold-rolled steel products, including cold rolled full hard (CRFH) coils and cold rolled closed annealed (CRCA) coils, sheets, and narrow strips; galvanized steel products, including hot-dip galvanized plain (GP) and galvanized corrugated (GC) coils, sheets, and slitted coils; value-added coated steel products, including prepainted and color-coated steel coils and sheets; and processed hot rolled pickled and oiled (HRPO) coils. The company's products are manufactured in compliance with international quality standards such as BIS, JIS, and DIN, catering to a diverse set of downstream industries that include automotive manufacturing, domestic appliances and white goods, construction and roofing infrastructure, precision tube fabrication, electrical panels, and general engineering. In addition to serving domestic industrial markets across India, the company maintains international export operations spanning over 45 countries worldwide across Asia, Africa, Europe, and the Americas. In recent major corporate developments, the company successfully completed its Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code following the approval of a resolution plan by the National Company Law Tribunal (NCLT), resulting in its acquisition and recapitalization by Next Orbit Growth Fund III. Under this new ownership and management structure, Steelco Gujarat Limited reconstituted its board of directors, restructured its equity capital base, infused funds to settle creditor and operational obligations, successfully recommenced commercial manufacturing operations at its Palej plant, and launched a rights issue to finance long-term working capital requirements and accelerate operational ramp-up.