Mahamaya Steel Industries Ltd Performance
Open
117.35
Traded Value (Cr)
21.86 L
Prev. Close
119.7
VWAP
119.2
Volume
30,748
Face Value
10
Mahamaya Steel Industries Ltd Fundamentals
Mahamaya Steel Industries Ltd Financials
Resistance and Support
₹118.48
PIVOT
Resistance | |
---|---|
First Resistance | ₹121.267 |
Second Resistance | ₹122.783 |
Third Resistance | ₹125.567 |
Support | |
---|---|
First Resistance | ₹116.967 |
Second Resistance | ₹114.183 |
Third Resistance | ₹112.667 |
RSI | 73.415 |
MACD | 2.819 |
ADX | 43.692 |
CCI | 182.737 |
Delivery and Volume
About Mahamaya Steel Industries Ltd
Mahamaya Steel Industries Ltd. (Formerly known Rajesh Strips Ltd) was established in May, 1988. Mahamaya Steel Industry a major industry in the group, is presently manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers etc. It has high capacity structural rolling mills with full fledged supportive SMS. Its manufacturing facilities are located at Raipur, Madhya Pradesh. The company came out with a public issue in Feb.'94 to part-finance its expansion-cum-modernisation programme to manufacture 50,000 tpa of steel structurals and 10,500 tpa of steel strip coils. The expanded capacity went on stream in Mar.'94. In 1995-96, the company expanded by converting its single drive system to double drive operation system for higher capacity utilisation. It also proposed to install a heavy structure mill of 1,05,000 tpa and put up facilities to produce heavy structures. In the year 1996-97 the company has undertaken a project of 610 MM Heavy Structural Rolling Mill at Raipur with the total project cost estimated to be Rs 17.12 crores. Also the company has successfully implemented a power project of 3 MW capacity. In 2001-02, the Company took over the operations of Raipur Ferro Alloys (P) Ltd., effective from 01 April 1998 under the name of 'Casting Division' through the Scheme of Merger, which was transferred to Bilaspur High Court in Chhattisgarh, where the Company is situated came into existence. Only Unit-ll, heavy structural mill of the Company was in operation during the year 2002-03. During the year 2005-06, the newly installed Oxygen Gas Plant commenced its operations. In 2007-08, the Company got into an agreement with Steel Authority of India Limited (SAIL) for conversion of its structural products. During the month of June 2008, the Company commissioned the first phase of expansion of Steel Melting Shop (SMS) Plant by adding production capacity 1,50,000 MT per annum. It started expansion project of New Heavy Structural Mill Project. The name of Company was changed from Rajesh Strips Limited to Mahamaya Steel Industries Limited in 2008-09. The Company implemented a New Furnace in Steel Melting Shop in March, 2011. During the year 2020-21, the entire manufacturing /Plant unit of the Associate Company was sold including the portion of leasehold land through which the plant was constructed for a consideration costing Rs. 10 Crores on 31st December, 2020.
Managing Director
RAJESH AGRAWAL
Founded
1988
NSE Symbol
MAHASTEEL
Mahamaya Steel Industries Ltd Management
Name | Designation |
---|---|
RAJESH AGRAWAL | Managing Director |
Jaswinder Kaur Mission | Company Sec. & Compli. Officer |
Rekha Agrawal | Director |
Suresh Raman | Executive Director & CFO |
Udayraj Singhania | Independent Director |
Rajesh Lunia | Independent Director |
Vanitha Rangaiah | Independent Director |
Mahamaya Steel Industries Ltd News
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