Ankit Metal & Power Ltd

(ANKITMETAL)

Ankit Metal Power Ltd. erstwhile Ankit Steel Works Private Limited was incorporated on 7th August 2002 and renamed as Ankit Metal Power Private Limited as a Private Limited Company on 8th July 2004. Pursuant to change in the corporate status of the Company from Private to Public the name of the company was further changed to Ankit Metal Power Limited effective from 31st August 2004. The Company has come a long way to position itself as one of the integrated steel plant to produce rolled products comprising of TMT Bars Sponge Iron Steel Melting shop Billets and Rolling Mill along with 12.5 MW Captive Power Plant.The company has setting up an Integrated Steel Plant at village Chhatna Jorehira in Bankura District of West Bengal. This project comprising of i 105000 TPA Sponge Iron Plant ii 65140 TPA Billet Casting Plant iii 100000 TPA ReRolling Mill iv 8.5 MW Waste Heat Recovery Based WHRB captive power plant utilising the waste gases from the sponge iron plant and v 4 MW Atmospheric Fluidised Bed Combustion AFBC based captive power plant.The First Phase comprising of Sponge Iron Plant has commenced commercial operations in October 2005. A part of the 2nd Phase comprising of Steel Melting Shop for manufacturing of Ingots / Billets has started production in January 2006. The remaining of 2nd Phase comprising of Rerolling mill and the WHRB Captive Power Plant are estimated to be commissioned in July 2007 whereas the AFBC Captive Power Plant is estimated to start its operation from July 2007.The Company started commercial production of 350 TPD Sponge Iron Plant 15 MT Induction Furnace 1 Lac TPA Wire Rod Mill and a 33 MW Captive Power Plant in 201112..

Share Price: ₹3.25 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹47.84Cr as of today
Listing date: 14 Mar, 2013
Chairperson Name: Subham Bhagat