Shah Metacorp Ltd

Gyscoal Alloys Ltd is a leading manufacturer & Exporters of Stainless Steel Equal Angle Bars & Bright (Round) Bars & Stainless Steel Flat Bars in India. The company manufactures different grades of Stainless Steel products ranging between 200 series to 400 series. They own their manufacturing plants in Kukarwada in Gujarat. The company is using the latest Corex Steel Technology and production techniques and is also strictly adhering to a system of Statistical quality control at every stage. The company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. They also manufacture squares, and Flat in sizes of the specification as per requirement of their customers. Gyscoal Alloys Ltd was incorporated on September 29, 1999 as a private limited company with the name Shreenath Mineral Metal Pvt Ltd. Initially, the company started their business with the trading of iron and steel scraps, billets and steel long products. They also traded mild steel products namely CTD Bars and TMT Bars. In June 21, 2004, the company changed their name from Shreenath Mineral Metal Pvt Ltd to Gyscoal Alloys Pvt Ltd. In the year 2005, the company took over a steel rolling mill business with a capacity of 6000 MT per annum from Shah Alloys Group at Ubkhal, Mehsana and started manufacturing of rolled products. During the year 2005-06, the company increased the rolling mill capacity by 12000 MT per annum to take the total rolling mill capacity to 18000 MT per annum. In March 21, 2006, the company was converted into public limited company and the name was changed to Gyscoal Alloys Ltd. During the year 2006-07, the company started their Steel Melting Shop with a capacity of 12,000 MT per annum. They received ISO 9001:2000 certification from BSI Management Systems. During the year 2007-08, the company changed the Main Objects of the Object Clause of the Memorandum of Association of the Company. They initiated direct exports to various Far East Asian Countries. During the year 2008-09, the company increased the capacity of their Steel Melting Shop to 18,000 MT per annum. During the year 2009-10, the company developed the Bright Bar Unit and started the operation of the unit. They got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems. During the financial year 2010-11, Company entered the Capital Market with Initial Public Offer (IPO) of 77,00,000 equity shares of Rs 10/- each at a premium of Rs 61/- per share and resultant, the Company's shares were listed on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) on 27th October, 2010. During the FY 2016-17, the Company subscribed 26% of shares in M/s. Goldman Hotels and Resorts Private Limited, New Delhi (A SPV Company) which was incorporated on 4th November, 2016 and resultantly became the associate of Company. The company proposes to increase their melting capacity from existing 18,000 MT per annum to 1,18,000 MT in order to meet the increasing demand of the products by setting up a steel melting shop with additional installed capacity of 100,000 MT per annum. The company is proposing to purchase new plant and machineries for the expansion plan. Read More