Shree Precoated Steel rebranded as Ajmera Realty & Infra

Ajmera Group today announced the rebranding of Shree Precoated Steels Limited (SPSL), the listed entity of the group and other group companies as Ajmera Realty and Infra India Ltd.

Ajmera Realty and Infra India Ltd would have two focussed divisions looking into steel and real estate. 

Speaking on the occasion Mr. O.P Gandhi, CFO, Ajmera Realty and Infra India Ltd. said, “Ajmera over the years has evolved itself into a brand to reckon with. The new entity, Ajmera Reality & Infra India Ltd will continue the group legacy by extending the Ajmera name to the diverse interests that group has in field of real estate and steel.”

The company has procured the necessary approvals from the government. The name change will take effect in different statutory authorities in due course of time. BSE has recently promoted the scrip to Group “A” category looking at its volume and shareholders interest.

Ajmera Realty and Infra India Limited, formerly known as Shree precoated Steel Ltd is one of the market leaders in both steel and real estates sectors.  In the steel sector, the group is leading manufacturer of Cold Rolled Steels. The turnover of the steel business was Rs 15,345 mn in the financial year 2006-2007. The company also has a global technological collaboration with Thysen Krupp Steel which is Europe’s 2nd largest steel producer of coated steel products. In the reality sector, the group is the third largest land owner in Mumbai and has developed around 170 lakhs sq ft. of commercial and residential space in Mumbai. The company has also constructed mega projects in other cities such as Pune, Rajkot, Ahmedabad, and Surat and also in Bangalore. The Group has been in the business of Real Estate Development for more than four decades and has pioneered many new projects in Mumbai.

Facts on Ajmera Reality & Infra India Ltd:

Steel

• The largest manufacturer and exporter of colour coated steels, with backward integration of galvanised and cold rolled steels under on roof.
• Expansion of capacity for colour coating and galvanising from 1lac tonnes to 3.9 lacs.
• Commissioning of two new lines CRCA and Galvalum in FY 2008-2009 with marginal capital expenditure.
• Realty
• Bhakti Park- Wadala (Mumbai)
• 1st phase of 17 Lacs Sq. ft. mega residential project
• 2nd phase 40 Lacs Sq. ft residential, commercial and office space project has commenced
• Expanded presence overseas to Bahrain
• To embark on an 80 lacs sq, ft project to develop corporate office space and elite residential homes in Kanjurmarg (Mumbai) – Declared CBD. Project cost valued at Rs. 2,500 crores. 

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