ASI Industries (ASIIL) has received approval for incorporation of a Subsidiary in India by name ASI Steel And Energy. The subsidiary is being established to explore opportunity/possibilities for setting up TMT steel plant.
Since, opportunities for expansion in the existing main business of ASIIL i.e mining and processing of Kotah Stone is limited and considering the growth in the infrastructure industry & demand for Iron & Steel products, the board decided to explore an opportunity in the Iron & steel industry. The Board of Directors of the Company at its meeting held on June 17, 2026, has inter alia, considered and approved the same.
ASI Industries (ASI), the world’s largest stone mining company and commenced its operations in 1945 in pre-independence India. The company has long and distinguished history of supplying customers with high quality Kotah stone products. It delivers high quality stone of global standards to end user segments such as real estate, construction and infrastructure.
