Gyscoal Alloys has formed a subsidiary in Bangkok. Thai Indo Steel (Company incorporated & situated in Bangkok) has allotted 229,500 shares at 100 Baht each to Gyscoal Alloys on December 11, 2013. Hence, pursuant to this investment Thai Indo Steel has become subsidiary of Gyscoal Alloys.
Gyscoal Alloys started its business with the trading of iron and steel scraps, billets and steel long products. The company also decided to trade in mild steel products namely CTD Bars and TMT Bars.