The 5-year analysis of Kanishk Steel Industries Ltd's performance infers:
We analysed the performance of Kanishk Steel Industries Ltd share prices over the last 10 years. Here is what we found out:
Kanishk Steel Industries Ltd. was incorporated on March 1, 1989 as Kanishk Steel Industries Pvt.Ltd. and was converted into a Public Limited Company on April 24,1992. It is a part of OPG Enterprises Group. Kanishk Steel was promoted by late O.P Gupta, who established steel related business in Chennai, Salem and Mayavaram in Tamilnadu. Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE.
Kanishk Steel Industries has a turnover of Rs.273.93 crores and the group
Kanishk Steel Industries has a turnover of Rs.273.93 crores and the group turnover is of Rs.500 Crore. Kanishk Steel employs around 450 people. The company manufactures steel products (finished goods) both Constructional steel and Structural steel conforming to the Bureau of Indian Standards BIS 1786 and IS 2062 (equivalent to ASTM, BS, DIN). .
Kanishk Steelâ€™s corporate office is located at N0.26, Mooker Nallamuthu Street, Chennai with its TMT Bars and Structurals manufacturing unit and sponge iron plant at Gummidipoondi.
Kanishk Steel Industries has established facilities in Gummidipoondi, Thiruvallur district of Tamilnadu, which is about 40 kms from Chennai. The facility uses the latest technology machinery to manufacture top quality TMT bars, CTD bars; structural steel items like wire rods, joists, profiles, channels, rounds, angles, special profiles, wire rods, spring steel flats and carbon alloy construction steel.
The Gummidipoondi facility has received the ISO 9001:2000 certification for the manufacturing and supply of TMT Bars and Structural steel products. The certification recognises the high-quality manufacturing system and success in giving the best for Kanishk Steel's customers. It confirms the quality of the services and operations of the company and underscores the value created for the customers.
Kanishk Steel has the latest testing equipment - SpectroMAXx Spectrometer at its Gummidipoondi facility. With this, the testing equipment at the facility will be the best ensuring better, efficient, accurate and precise analysis in the quality of the products being manufactured. The SpectroMAXx will further enhance the existing stringent quality process at Kanishk Steel and provide competitive advantage in the entire process of manufacturing from selection of the raw material to the finished product. The SpectroMAXx has been specifically equipped for Kanishk Steel's requirements
A sponge iron plant has been set up in Gummidipoondi with an annual capacity of 60,000 tons. The sponge iron from the plant is used as raw material for the steel mill, which will in turn be used for manufacturing TMT bars. It has the flexibility of using indigenous 100 per cent iron ore lumps or any mix of lump ore and pellets.
Subsidiary of the company
OPG energy- OPG Energy, the subsidiary of Kanishk Steel Industries Ltd., has 11 windmills in Coimbatore district and 2 windmills in Tirunelveli district of Tamilnadu. The total capacity of energy produced is 3.535 MW. The natural gas-based power-generating plant is situated in Myladuthurai, about 275 kms south of Chennai in Tamilnadu with an installed capacity of 17.98 MW energy.
Product range of the company includes:
The major clients of Kanishk Steel include BHEL, NLC, ICF, Department of Atomic Energy; State Government departments like TANSI, DRDA and others. Kanishk Steel also supplies to large private sector companies like ITD Cementation India, Singapore Realty and Shapoorji Pallonji,DLF and Khivraj Techpark amongst others .
Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE.