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Prakash Steelage Ltd.

BSE: 533239 | NSE: PRAKASHSTL | Series: NA | ISIN: INE696K01024 | SECTOR: Steel - Tubes & Pipes

BSE Live

Sep 21, 15:46
0.75 0.03 (4.17%)
Volume
AVERAGE VOLUME
5-Day
69,870
10-Day
63,529
30-Day
57,427
33,502
  • Prev. Close

    0.72

  • Open Price

    0.75

  • Bid Price (Qty.)

    0.75 (2047)

  • Offer Price (Qty.)

    0.75 (1953)

NSE Live

Sep 21, 15:56
0.70 -0.05 (-6.67%)
Volume
AVERAGE VOLUME
5-Day
316,051
10-Day
322,405
30-Day
456,807
369,900
  • Prev. Close

    0.75

  • Open Price

    0.75

  • Bid Price (Qty.)

    0.70 (48001)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Prakash Steelage
Prakash Steelage Limited was  incorporated on 09/05/1991 under  the
 Companies Act, 1956 as  Prakash Steelage Private  Limited  and 
 received  its  Certificate  of  Incorporation  from  the  Registrar 
 of  Companies, Maharashtra, Mumbai. The Company was subsequently
 converted into a public limited company on 12/08/1997 and receiveda 
 fresh  certificate  of  incorporation  pursuant  to  the  change  in 
 name.  The  Corporate  Identity  Number  of  the Company  is
 U27106MH1991PLC061595.  The  Registered Office  of  the  Company  is 
 situated  at  701, MahalaxmiChambers, Bhulabhai Desai Road, Mumbai-
 400026.  
  
 We first started off with trading activity i.e; trading in the
 stainless steel sheets, coils and plates. Subsequently we started our
 own manufacturing activity in the year 1996 by setting our first plant
 in the Union Territory of Dadra and Nagar Haveli with a capacity of
 4000 MT per annum of welded stainless steel and seamless pipes & 
 tubes.  Considering  the  huge  demand  and  future  business 
 potential  we  subsequently  started  our  second  unit  at 
 Umbergaon,  Gujarat  by  setting  a  state  of  art  manufacturing 
 plant  with  the  capacity  of    8200 MT  of  welded 
 stainless  steel  and  seamless  pipes &  tubes  in  the  year  2007.
 We  are  amongst  the  premier  and  an  established manufacturer of a
 wide range of SS pipes and tubes. We are an ISO 9001-2008 certified
 Company, with a legacy of over 19 years of presence in the industry.
 
  
 Some of our competitors in the domestic market are Ratnamani Metal
 Limited, Suraj Stainless Limited, Rajendra Engineering and Mechanical
 Industries Limited. We also face competition in overseas market. In
 Europe there are  companies like TPS (Germany), Tubacex (Spain),
 Speciality Steels (USA),  Sandvick (Sweden) etc. 
 
 Major events in the History of the Company:
 
 1991
 Incorporation of the Company  
 
 1996
 Started our first manufacturing unit at Silvassa with a capacity of
 4000 MTPA 
 
 1997
 Converted into a public limited company 
 
 2002
 Awarded with ISO 9001 : 2000 for our unit at Silvassa  
 
 2005
 Recognized as Export house by the Government. 
 
 2007
 Awarded with ISO 9001 : 2000 for our unit at Umbergaon 
 
 Started  our  second  state  of  the  art  manufacturing  facility 
 at  Umbergaon  with  a                                      capacity
 of 8200 MTPA. 
 
 Winner of Good house keeping competition by Directorate of Industries
 safety & health,                                      Government of
 Gujarat  
 
 2008
 Certified  as  PED  (Pressure  Equipment  Directive),  AD  -  2000  -
 Merkbatt W  O  EIL,                                       Llyods & IBR
 Approved Company 
 
 Awarded with TUV Certificate for our unit at Umbergaon by TUV
 Rheinland Industrie                                     Service GmbH,
 Cologne, Germany 
 
 2009
 Awarded with  TUV  Certificate  for  our  unit  at  Silvassa  by  TUV
  Rheinland  Industrie                                      Service
 GmbH, Cologne, Germany 
 
 Awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy 
 
 Awarded with ISO-14001-2004 by RINA SpA, Genova, Italy 
 
 2010
 Recognised as Star Export House by Government of India 
 
 Vendor Approval from Kuwait National Petroleum Company (Kuwait)
 
 2011
 - Board has recommended a Dividend @ 10% (i.e. Rs. 1.00 per eq. share
 of Rs. 10/- each).
 
 2012
 - Board has recommended a Dividend @ 10% (i.e. Rs. 1.00 per eq. share
 of Rs. 10/- each).
 
 2014
 - Board has recommended a Dividend of Re.1/- (10%) on the fully
 paid-up 1,75,00,039 Equity Shares of Face Value of Rs.10/- each.
 
 2015
 -Prakash Steelage Ltd Stock split (sub-division) of Equity Shares of
 the Company from the Face Value of Rs 10/- per share to Rs 1/- per
 share.
 
 2016
 - Appointment of Mr. Dhaval Nareshbhai Darji as the 'Company
 Secretary and Compliance Officer' of the Company