Beekay Steel Industries’ board has decided to incorporate a wholly owned subsidiary (WOS) wherein the company would be subscribing the entire paid up share capital of the said WOS company.
The said company would be incorporated with the object to manufacture steel/steel products and would likely to have project cost of around Rs 100 crore to be spent in next 2-3 years with an appropriate mix of debt and equity. The Board of Directors of the company in its meeting held November 13, 2019 has decided for the same.
Beekay Steel Industries’ manufacturing facilities are spread across India to produce Section, Bright Bars, Structurals (Angles, Channels, Beams) and TMT bars in a variety of specifications and grades. Currently the company is producing steel billets and sponge iron for internal consumption to command raw material supplies.
Company Name | CMP |
---|---|
Tata Steel | 166.50 |
JSW Steel | 1001.75 |
SAIL | 140.45 |
Jindal Stainless | 780.40 |
APL Apollo Tubes | 1529.30 |
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