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History of Ahmedabad Steelcraft Ltd.

BRIEF HISTORY AND BUSINESS OF THE COMPANY

AHMEDABAD STEELCRAFT LIMITED was originally set up as a partnership firm in late sixties. The Comp. had lot of teething troubles at the initial stage for getting rolling technology and also non-availability of raw materials. Thereafter, the operations of Comp. was streamlined in 1972 when the partnership firm was dissolved & the unit was converted into a private limited Comp. vide Incorporation on 14th July, 1972 under the name & style of Ahmedabad Steelcraft and Rolling Mills Pvt. limited Subsequently the name of Comp. was changed to its present name on 2nd January, 1989. A fresh certificate of Incorporation was obtained consequent to the change in the name from the Registrar of Companies, Gujarat.

The Comp. initially started its operations by manufacturing most commonly used structurals like rods, flats, etc. & gradually gained expertise to roll hi-tech Sections. Subsequently, the Company also ventured into rolling more complicated Sections & full range of ISI, British & Belgium Standard Sections. Today the Company is a leading & largest manufacturer of Mild Steel Window Sections, Door and Ventilator Sections & Special Profiles. It is also a leading exporter of Sections for last several years & has won many awards from the Government of India.

[Source : Letter issued by Gujarat Re-Rolling Mills Associations]

Over the years, the Comp. has carved out a niche for itself in the relatively difficult field for rolling steel profiles and sections to stringent international accuracy levels which speaks of the quality of equipment structure as well as the technological know-how possessed by Company. The Comp. has been continuously updating the equipment structure & facilities from time to time over the years to keep abreast of technological developments & market demands, especially in window sections. Today it is the only Comp. in India which has successfully mastered the manufacture of entire range of window sections. The Comp. offers forty different range of window sections as against 4 or 5 commonly used sections offered by a very large percentage of window sections manufacturers. The Comp. has developed complicated Sections which were import substitutes catering to the requirements of host of other industries such as Automobiles, Constructions, Earth Moving, Engineering, Railways and Textiles.

Then Company entire production activity is based on indigenous know-how as generated by its own R and D activity & none of it has been acquired with a foreign tie-up or collaboration. The Company was also associated with the ISI in setting standards for Window Sections in the Country.

The Comp. also has a large & well developed export base. It started its export activities way back in 1977. Over the past few years the Comp. has been consistently shipping 30% of the production to the shores of various countries including the United States of America, Canada, Singapore, Hong Kong, Egypt, Mauritius, Sierra Leone, Kenya, Uganda amongst others. For its excellent export performance, the Comp. has received export awards from Engineering Export Promotion Council for 1976-77, 77-78, 78-79 & 80-81.

For the past few years, the Comp. has been working as supportive manufacturer of Tata Iron & Steel Comp. limited [TISCOs] for their Engineering Exports Division.

The Comp. now proposes to expand its present capacities & upgrade its manufacturing facilities. It also proposes to generate 0.5 MW of electric power by installing 2 Wind Mills.