Uttam Galva Steels has received an approval for raising funds up to Rs 175 crore through Qualified Institutional Placement (QIP) within the meaning of SEBI (ICDR) Regulations, 2009. The board at its meeting held on February 26, 2013 has approved for the same. The board has also approved for increase in FII limit up to the sectorial cap as per the extant FEMA/RBI Stipulations.
Uttam Galva Steels (UGSL) is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.
