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.
| Company Name | CMP |
|---|---|
| Tata Steel | 214.45 |
| JSW Steel | 1277.70 |
| SAIL | 184.80 |
| Jindal Stainless | 755.10 |
| APL Apollo Tubes | 1948.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: