Readymade Steel soars on incorporating WOS in Singapore

Kridhan Infra Ltd. | Steel & Iron Products | Metals & Mining | BSE: 533482 | NSE: KRIDHANINF

16 Nov 2011 Evaluate

Readymade Steel is currently trading at Rs 65.05, up by 1.80 points or 2.85% from its previous closing of Rs 63.25 on the BSE.

The scrip opened at Rs 63.05 and has touched a high and low of Rs 65.90 and Rs 63.00 respectively. So far 13520 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 117.75 on 13-Jul-2011 and a 52 week low of Rs 35.15 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs 65.95 and Rs 61.00 respectively. The current market cap of the company is Rs 74.12 crore.

The promoters holding in the company stood at 64.44% while Non-Institutions held 35.56% stake in the company.

Readymade Steel India has set up a wholly owned subsidiary (WOS) company in Singapore named - Readymade Steel Singapore, to explore related business opportunities in Singapore and overseas market. The company’s board authorized managing director of the company to explore such opportunities, conduct initial assessment including funding requirement and take necessary steps for augmentation of company's business interest in the overseas market.

Further, Readymade Steel India has identified CABR Technology Company, China as its potential joint venture partner and is in advanced stage of discussing a proposal to jointly undertake manufacturing of mechanical splicing system & couplers in India and marketing of the same in India as well as specified territories aboard.

The board at its meeting held on November 14, 2011 has transacted and noted the business.

Readymade Steel is primarily in the business of providing ready to use steel for construction activities to the infrastructure industry. Readymade Steel is used in commercial and residential projects and various infrastructure works like the metro/mono-rail, bridges, highways, power plants, etc. Cut and bent steel is used in columns, beams, foundations and slabs.

Kridhan Infra Share Price

2.82 0.13 (4.83%)

11-May-2026 16:59 View Price Chart

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