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Ankit Metal and Power Ltd.

BSE: 532870 | NSE: ANKITMETAL |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE106I01010 | SECTOR: Steel - Sponge Iron

BSE Live

Jun 11, 16:00
1.58 0.07 (4.64%)
Volume
AVERAGE VOLUME
5-Day
102,420
10-Day
68,383
30-Day
51,294
76,660
  • Prev. Close

    1.51

  • Open Price

    1.58

  • Bid Price (Qty.)

    1.58 (2081)

  • Offer Price (Qty.)

    1.58 (3319)

NSE Live

Jun 11, 15:40
1.50 0.05 (3.45%)
Volume
AVERAGE VOLUME
5-Day
65,983
10-Day
80,997
30-Day
108,766
21,307
  • Prev. Close

    1.45

  • Open Price

    1.50

  • Bid Price (Qty.)

    1.50 (5000)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2012 2011

Chairman's Speech

Dear Members, I expect power and infrastructure sectors in India to achieve a healthy growth in the upcoming years, I am optimistic that AMPL will emerge as one of the dominant representatives of that growth story. Mr.Suresh kumar patni,Chairman,Ankit Metal and Power Ltd. outlines the reasons for optimism of the Company India is currently the fifth largest steel-producing nation in the world. However, it''s per capita consumption of steel is still much less compared to the developed countries. This wide gap in relative steel consumption indicates that the potential ahead for India to raise its steel consumption is high and projects an optimistic scenario for the industry. AMPL is on its path to maximize on its inherent synergies within the current value chain and operates as an end-to- end manufacturer of steel. A comprehensive strategy has been adopted to meet competition from market players in the same domain by using backward and forward integration from the manufacturing of sponge iron to rolled products to lower cost of production as the major power requirement will be met from the captive power plant. I must emphasise that AMPL is an integral part of the attractive growth coming out of the infrastructure sector through the manufacture of downstream products like TMT bars. Over the years, we have increasingly leveraged our rich industry knowledge and service capability, evolving from manufacturers to solution providers. We have embarked on an expansion plan to meet the growing demand of our existing product lines and introduce new product lines in the maturing market for high end value added products in stainless steel. In terms of cost reduction, we have embarked on peptization project to use low cost iron ore fines in place of expensive iron ore lumps to help us meet price pressures from existing operators and new entrants in the industry. The company has also established captive power plant to reduce its energy cost. The synergy in current expansions with existing operations and cost reduction measures introduced by the company will add scale to our operations and substantially improve the recovery of overheads, de-risking the company''s bottom line in the medium term. Our existing customer base will translate into a ready market for some of the new products leveraging the brand more effectively.