Established in 1920, the Indian Steel and Wire Products Limited became the first wire drawing company in the country. Nestled amidst the verdant surroundings of India’s first industrial city, Jamshedpur, the company gradually spread roots and is now a primary manufacturer of wire rods, TMT rebars, wires, welding products, nails, rolls, and castings.
A subsidiary of Tata Steel, we became a part of the global steel giant back in 2003 and are committed to the highest standards of quality and service. The Wire Rod Mill and Wire Mill act as the conversion agents of Tata Steel and Tata Steel Global Wires respectively, wherein the parent plant supplies the raw material and also markets the finished good. We also are the proud pioneers in the rolls industry.
Marketed under the brand name ‘JEMCO’, our rolling and casting products boast a prominent presence across the globe. The electrodes and nails divisions, under the umbrella of the brand name ‘SPARK’, also form an integral part of the company’s business venture. Our state-of-the-art Welding Technology Centre further augmented by the treasure of experience and expertise in the field of welding consumables results in a quality that is distinguished and paramount.
| Outstanding Shares of Indian Steel And Wire : | 5991896 |
| Face Value of Indian Steel And Wire : | Rs.10 Per Equity Share |
| ISIN of Indian Steel And Wire: | INE07T301017 |
| PAN No of Indian Steel And Wire: | AABCT1067C |
| Lot Size of Indian Steel And Wire: | 100 |
| Last Traded Price of Indian Steel And Wire: | Rs.250 |
| Date of Delisting of Indian Steel And Wire: | 31-Mar-22 |
| Rate of Delisting of Indian Steel And Wire: | Rs.3.58 |
| Reason of Delisting of Indian Steel And Wire: | Amalgamated with Tata Steel Ltd (500470) |
CIN of India Steel and Wire Products |
U27106WB1935PLC008447 |
Registration Date of India Steel and Wire Products |
02 December 1935 |
Category/Sub-category of India Steel and Wire Products |
Company limited by Shares |
India Steel and Wire Products Registered office address |
Flat - 7D & E, 7th Floor, Everest House, 46C Chowringhee Road, Kolkata-700 071 |
India Steel and Wire Products Registrar and Transfer Agent address |
TSR Darashaw Consultants Pvt. Ltd. C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg Vikhroli West, Mumbai 400083 |
Mr. Umanath Mishra Chief Financial Officer
Mr. Neeraj Kant Managing Director
Mr. Indrajit Nandi Vice President (Engg. & Projects)
Mr. Vijayant Kumar Vice President (Rod Mill & IT)
Mr. Rabi Narayan Kar Company Secretary
Mr. J. K. Singh Vice President (Wires and Grapheme Business)
|
Name |
As of March 31, 2021 |
As of March 31, 2020 |
|
Tata Steel Limited (Holding company) |
56,92,651 |
56,92,651 |
|
Percentage Holding |
95.01% |
95.01% |
After the outbreak of the COVID-19 pandemic in 2020, ICRA had assigned a 'negative' outlook on the sector expecting a record fall of 20% in domestic steel demand during the financial year ended March 2021. However, it later upgraded its outlook for the sector to 'stable' on the back of improving demand and prices.
In a statement, ICRA said, "It has revised the steel sector's outlook to 'positive' from 'stable' following all large listed steel companies reporting their best-ever quarterly performance in Q1 (April-June period) of the financial year 2022, and the earnings outlook remaining healthy for the remaining months of FY2022."
Given the strong earnings growth and capital expenditure (CAPEX) curtailments following the pandemic-related uncertainty, steelmakers started to aggressively de-leverage since the second quarter of FY2021. This trend is reflected by the industry's consolidated debt levels declining to ₹2 lakh crore in July-end 2021, from ₹2.6 lakh crore in July-end 2020, registering a sharp decline of over 21%
The industry's consolidated borrowings today are at their lowest levels since March 2012. On taking a closer look at the industry's consolidated borrowing per metric tonne of installed capacity, it stood at $180 per tonne in July 2021, shrinking by almost half from $350 per tonne prevailing in November 2008.
This, ICRA said, suggests that domestic steel companies are now significantly less leveraged than in FY2009, when the last steel supercycle ended, following the global financial crises.
