Newmalayalam Steel Ltd
Newmalayalam St. |
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About Company
- Newmalayalam Steel Limited was incorporated on March 31, 2017 as NewMalayalam Steel Private Limited', a Private Limited Company with Registrar of Companies, Central Registration Centre
- Further, Company was converted into a Public Limited Company and the name was changed to Newmalayalam Steel Limited' and a fresh Certificate of Incorporation dated February 1, 2024 was issued by the Central Processing Centre
- Company is engaged in manufacturing galvanised pipes, tubes, and sheets
- The Company took over the entire business of M/s
- Demac Steel on a going concern basis, through the Business Transfer Agreement in August 2017
- In 2018, the Company commenced manufacturing of galvanised pipes, tubes, and sheets by installing another electric resistance welding tube mill of an installed capacity of 3,500 MT in their manufacturing unit at Thrissur, in Kerala
- It increased manufacturing capacity by installing another electric resistance welding tube mill of an installed capacity of 4,000 MT in their unit in 2019
- In order to market and sell products, the Company established a widespread dealer base in Kerala through which it sell products to local contractors and retailers
- It also sell products to Promoter Group entity, Jaihind Steel Private Limited, who trades it to wholesalers, construction agencies, consumers etc
- In 2022, the Company installed solar plant of an installed capacity of 489
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All figures in ₹ Crores
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Frequently Asked Questions
What is Share Price of Newmalayalam Steel Ltd?
The current share price of Newmalayalam Steel Ltd (Newmalayalam St.) is ₹24.50. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Newmalayalam Steel Ltd?
Newmalayalam Steel Ltd has a 52-week high of ₹39.15 and a 52-week low of ₹17.40. This range shows the stock's price volatility over the past year.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
