AHMEDABAD STEELCRAFT LTD
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BSE Code:
522273
NSE Code:
AHMDSTE
Business Profile
Business Profile
Ahmedabad Steelcraft (AHMDSTE) is engaged in the manufacture of rolling steel profiles and sections. Originally set up as a partnership firm in the late sixties, it was incorporated as a private limited company on Jul. 14, 1972, and became a public limited company with the present name on Jan. 02, 1989.
The company manufactures mild steel windows, doors and ventilator fabricated frames; hot processed and bright bar drawn for engineering technologies like automobiles, railways, textile machinery parts and other uses as per customer requirements. The manufacturing unit is located at Ahmedabad in Gujarat with an installed capacity of 57,900 MTPA. It has a windmill at Lamba for its power needs.
Over 50 types of sections are manufactured as per ISI, SGS, and other international standards. Engineering Export Promotion Council of India has awarded the company the EEPC award for a number of years. Sections are exported to fabricators, contractors, builders, engineers in USA, Canada, UK, Europe, New Zealand, Mauritius, Australia, South East Asia, East and West Africa, the Caribbean countries, Israel and Guyana.
The registered office is located at 205/206, Abhijeet, 2nd Floor, Mithakhali Six Road, Navrangpura, Ahmedabad-380009, Gujarat.
Financials
Ahmedabad Steelcraft registered a loss of Rs 5.22 million for the quarter ended December 2007.
Net sales declined 45.65% to Rs 37.98 million for the quarter ended December 2007 from Rs 69.88 million for the quarter ended December 2006.
Total income dipped 44.91% to Rs 38.58 million for the quarter ended December 2007 from Rs 70.03 million for the quarter ended December 2006.
Recent Developments
21-FEB-08
The shareholders authorized the board to sell, lease, transfer or dispose off the whole or part of the property located at Odhav Road, Ahmedabad.