P S Raj Steels Ltd Share Price

Summary

P S Raj Steels Limited was originally incorporated as P S Raj Steels Private Limited as a Private Company on November 09, 2004 pursuant to a Certificate of Incorporation issued by the Registrar of Companies. Thereafter, the status of the Company was converted into a Public Company and the name changed to P S Raj Steels Limited following a fresh Certificate of Incorporation on August 06, 2024 issued by Registrar of Companies, NCT of Delhi and Haryana. The Company operate primarily in manufacturing Stainless Steel Pipes & Tubes. Key sectors include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, heat exchanger etc. The Company commenced trading in stainless steel during the period 2005-06; it set up a manufacturing plant in Hisar district of Haryana and began construction work in 2006-07. It purchased 2 tube mills and other machines in establishing the production line in 2007-08.The Company further installed two new tube mills to the plant in 2010. It introduced two automatic polish machines in 2011 and resulting the production rose to approx. 1,411 MT in 2012. In 2015-16, the construction of manufacturing plant set-up already in 2006 at Hisar was completed with the installation of Slitting-line Machines. The Company created a milestone by constructing Building-3 in Hisar, which commissioned in 2019.The Company is proposing an Initial Public Offer of issuing upto 20,20,000 Equity Shares through Fresh Issue.
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