Abha Power And Steel Ltd - Stock Valuation and Financial Performance

Abha Power and Steel Limited was incorporated as ‘Abha Power and Steel Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 27, 2004, issued by the Registrar of Companies, Chhattisgarh. The company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extraordinary general meeting held on March 30, 2024, and a fresh certificate of incorporation dated June 5, 2024, was issued by the Assistant Registrar of Companies, Central Processing Centre, consequent upon conversion, recording the change in the name of the company to ‘Abha Power and Steel Limited’.

The company is engaged in the business of iron and steel foundry, more particularly in the business of casting and manufacturing customised products in mostly all grades of iron and steel. Its versatile product portfolio covers all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high CR & high Ni), HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting. It is a Research Design and Standards Organisation (RDSO) certified vendor for supply of certain casting products to Indian Railways and an approved vendor for supply of certain casting products to National Mineral Development Corporation and Integral Coach Factory, Chennai. It is also holding a PED Certificate from TUV-Nord which certifies its quality management system for manufacturing of castings and makes it eligible for supply of pressure equipment to European nations,

The company has leveraged its expertise, processes and infrastructure to cater to diverse industries such as Indian Railways, steel, cement, heavy engineering, mining, power, etc. It offers to its customers a comprehensive range of both standard and customised products. The company sells its products to domestic customers and also export them to many countries, such as UAE, Germany, Canada, Italy and Netherlands.

It had a diverse product portfolio of many products supplemented by its ability to make customised products, demonstrates its capability as an emerging supplier for a diverse range of products and positions it as a strategic and preferred supplier. It constantly strives to produce its products of standard quality and sustainability. To achieve this, it sticks to strict quality standards, continuous in-house evaluations and training of its workforce. Its continuous focus on providing quality products and services consistently to its customers has helped it nurtures long-term relationships with its customers. Its track record of delivering timely services and demonstrated industry expertise has helped in forging strong relationships with them. It has a history of high customer retention and derive a significant proportion of its revenue from repeated customers.

Business area of the company

The company is engaged in the business of manufacturing of steel products.

Products of the company

Iron Foundry Items

• SGCI inserts 
• Narrow jaw adapters 
• Wide jaw adapters 
• Modified adapters 
• Clamp 
• Centering disc 

Steel Foundry Items

• Hammers 
• Screen plates 
• Crushing ring 
• Grate plates 
• Coke bucket liners 
• Clamping flange 
• Upside & suspending frames 
• Small & big bell assemblies 
• Flanges 
• Blow bars 
• Grate bars 
• Cooling plates 
• Flaps & flap doors 
• Armour ring 
• Nozzle ring 
• Ring hammers 
• Upper & lower screen 
• Coal nozzle tips 
• Kick off plate 
• Nozzle piece 
• Clinker grinder rolls 
• ACI bends 
• Grinder roller & track 

Awards and accreditations

• 2019: Received ISO 9001:2015 from TUV SUD South Asia Private Limited for Designing, developing, manufacturing, supply of all iron and steel casting and other similar casting items.
• 2023: PED Certificate from TUV-Nord for supply of pressure related parts to European nations.

History and milestones

• 2004: Setting up of MS Ingot manufacturing plant in Hardikala village, Bilaspur, Chhattisgarh.
• 2009: Setting up of spheroidal graphite Iron Foundry.
• 2016: Transformation of Ingot making plant to steel foundry.
• 2018: First Export by the Company
• 2018: Received empanelment/enlistment as a vendor for NMDC Limited (a Government of India enterprise).
• 2021: Received manufacturing contract from Integral Coach factory, Chennai (Body under Indian Railways) for supply of brake support, centering disc and other components.
• 2021: RDSO A class certification in 2021.
• 2022: Order of adapters to Indian Railways.
• 2022: Setting up of 2.99 MW Solar power plant for captive use.
• 2023: Received approval as a certified vendor for railway components from RDSO, Ministry of Railways.