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AML Steel is the flagship company of the AML group, which was established during 1993 to set up a plant to manufacture video and audiocassettes, which was considered to be one of the largest plants for such products in the whole of South India. Later, it was decided to diversity into steel making and therefore it was conceptualized to set up a steel plant in Pondicherry near Chennai.
As an offshoot of the plan, first ever project to manufacture steel
As an offshoot of the plan, first ever project to manufacture steel ingots out of scrap iron was commissioned near Pondicherry where abundant and uninterrupted power supply is available. Rest is a success story where AML Steel made it's presence in the steel sector.
In order to enrich presence in the steel sector, AML Steel, during the year 2003 made some overseas acquisitions by name Ashok Steel Industries Sri Lanka. Around the same time another acquisition too was made near Pondicherry under the name of Ankit Ispat, All the above companies have been fully turned around and started generating good cash returns.
In order to further enhance it's knowledge and presence in steel sector AML Steel, has set up a company called AML Steel & Power, by which as per the MOU signed with State of Jharkhand, Ministry of Mines, Government of India has allocated 384 acres of Iron ore mines with the deposit of about 40 million metric tonnes on a 20 year lease vide their letter dated 16th August 2005 and negotiations are on for further allotment of mines upto 150 million metric tonnes to meet our additional requirements. Having acquired land near Jamshedpur project construction is underway for commissioning by middle of 2006.
Products of the company
Mild Steel Ingots, which is intermediate product for steel re-rolling mills. Such Mild Steel Ingots are 3â€ x 4â€ area at the cross section and 55 inch in length. Re-rolling mills produce various long products such as angles, channels, bars, rails, etc. which has applications in infrastructure development, housing sector etc.
Reinforcement Bars are produced in rolling mills with varying dia of 8 mm to 25 mm and a standard length of about 20 feet. All such products are used in infrastructure development and housing sector.
Angles, Channels and flats of various sizes which are all used in civil and engineering construction for housing as well as infrastructure sector
Subsidiary and Group companies