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Beekay Steel Industries to incorporate WOS company to manufacture steel products

14 Nov 2019 Evaluate

Beekay Steel Industries’ board has decided to incorporate a wholly owned subsidiary (WOS) wherein the company would be subscribing the entire paid up share capital of the said WOS company.

The said company would be incorporated with the object to manufacture steel/steel products and would likely to have project cost of around Rs 100 crore to be spent in next 2-3 years with an appropriate mix of debt and equity. The Board of Directors of the company in its meeting held November 13, 2019 has decided for the same.

Beekay Steel Industries’ manufacturing facilities are spread across India to produce Section, Bright Bars, Structurals (Angles, Channels, Beams) and TMT bars in a variety of specifications and grades. Currently the company is producing steel billets and sponge iron for internal consumption to command raw material supplies.  

Beekay Steel Share Price

428.00 -6.05 (-1.39%)
08-May-2026 16:59 View Price Chart
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