Mangalam Alloys Share Price Live

Mangalam Alloys Private Limited was originally incorporated in Ahmedabad as 'Mangalam Alloys Private Limited' on August 01, 1988 at RoC, Gujarat. The Company subsequently converted into a Public Company and consequently the name was changed to 'Mangalam Alloys Limited' vide fresh certificate of incorporation dated April 20, 1995 issued by the Registrar of Companies, Dadra and Nagar Havelli, Gujarat. The Company was Incorporated by Promoter, Mr. Uttamchand Chandanmal Mehta and Mr. Maheshchand Jain with an aim of running stainless steel melting unit as part of Business growth. The Company is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections like square,hex, angle, patti etc, Forging and making fasteners. The Company is having an Unique Integrated Stainless Steel/Higher Alloys Steel Melting and further processing Unit i.e. up to Bright Bar & Fasteners. Apart from these, the Company is having a stainless steel manufacturing unit with an installed capacity of 25,000 TPA. It manufactures stainless steel ingots through three furnaces by melting of Stainless Steel scrap, rolling of ingots to stainless steel Rounds &Flats followed by heat treatment annealing furnace and Bright Bar Unit. The Company established 2nd Furance, total Quality Management and 3rd Furance in the year 2004 and 2012 respectively. It further established 16' Rolling Mill in 2003. It invested in Joint Venture at Vietnam with melting unit and bright bar unit in 2007. It established Annealing Department & Bright Bar Unit, and was recognized as ISO 9001. It made investments in Wind Mill of 1.25MW for Green Power in the year 2008. The Company developed Fastener Division in the year 2009. Later in 2016, it developed new products i.e. SS Bright Square, Hexagonal Bar, Angles, Flat Bar in 2014. It got recognition of In-house R D Centre approved by DSIR, Govt of India in Sector of Stainless Steel and Higher Alloys Process in the year 2017. It further established 20' And 12' Rolling Mill in 2017. The Company is planning to come out with a Public Issue of upto 67,34,000 Equity Shares.