The 5-year analysis of India Steel Works Ltd's performance infers:
We analysed the performance of India Steel Works Ltd share prices over the last 10 years. Here is what we found out:
India Steel Industries, previously called Isibars, has been producing bright bars since 1957. In addition to its bright bar plant in Central Mumbai, in 1990 it set up another plant in Turbhe, Navi Mumbai for the manufacture of stainless steel bright bars. Soon thereafter, the company was listed on the Bombay Stock Exchange with an initial public offer of Rs.16.7 million, which was heavily oversubscribed.
The company integrated backwards into steel melting and hot-rolling by
The company integrated backwards into steel melting and hot-rolling by acquiring a plant in Khopoli, and expanded capacity, upgraded technology and increased product range. It then started a wire division by setting up a wire-drawing plant at Savroli under the name Isinox Steels. In 1998 it acquired a state-of-the-art bar & rod rolling mill from Pomini S.p.A. of Italy.
Through continuous process and product improvement, and a commitment to customer satisfaction, India Steel is well on its way to becoming a leading global player in stainless steel long products
1. Grades Of Steel-â€¢ Austenitic Stainless Steelsâ€¢ Ferritic and Martensitic Stainless Steelsâ€¢ Carbon Alloy Steels
2. Hot Rolled Products-â€¢ Wire Rodsâ€¢ Round Barsâ€¢ Cast Billetsâ€¢ Rolled Billets
3. Bright Bar Products
1. STEEL MELT SHOP
The steel melt shop at Khopoli has two melting furnaces, an Induction Furnace and an Electric Arc Furnace. After melting, the steel is refined in the Ladle Furnace or AOD Converter and sent forward to the Continuous Casting Machine which casts the liquid metal into billets of required dimensions.
2. ROLLING MILLS
The company runs two mills â€“ a Continuous Bar & Rod Mill and a Cross-country Bar Mill. A wide range of hot-rolled long products is available to its customers from these two mills. The Continuous Bar and Rod Rolling Mill, supplied by M/s. Pomini S.P.A of Italy (now VAI), was commissioned in the year 1998. One of the most technologically advanced Bar and Rod Mills in India, it is equipped with sophisticated ABB automation systems and is capable of making wire rods and rounds to precise specifications. The Cross-country Bar Mill has been fully renovated and produces round bars and utensil-grade wide-flats.
3. BRIGHT BAR DIVISION
The Bright Bar Division manufactures a wide range of bright bars, specialising in stainless steel, through different processes like heat treatment, quenching and tempering, pickling, cold drawing, peeling, smooth turning, centreless grinding and polishing.
4. WIRE FACILITY
Its wire drawing facility is capable of manufacturing stainless steel wires of different sizes, finishes, conditions and coil weights. It makes wires from diameter 1mm to 8mm with coil-diameters, weights and packing as per the customerâ€™s requirements.
Awards and achievements:
â€¢ India Steelâ€™s facilities and machinery are ISO 9001 certified by IRQS.