Rajputana Stainless Share Price Live

Rajputana Stainless Limited was incorporated as Rajputana Steel Castings Private Limited' dated April 2, 1991 issued by the Registrar of Companies, Gujarat. Subsequently, the status was converted to a Public Company, and the name was changed from Rajputana Steel Castings Private Limited' to Rajputana Steel Castings Limited', and a fresh Certificate of Incorporation dated June 18, 2007 was issued by the Registrar of Companies, Gujarat. Thereafter, Company name was further changed to Rajputana Stainless Limited' dated July 12, 2007 issued by the Registrar of Companies, Gujarat. During year 1999, Company was declared a Non-BIFR Sick Industrial Unit vide Government of Gujarat, Industries and Mines Department for Rehabilitation of Small Scale and Non-BIFR Sick Viable Industries. During this period 1999- 2006, the management took various steps for revival of the Company such as shifting the main focus of the Company from producing mild steel products and steel casting to producing stainless-steel products, setting up of bright bar shop, payment of outstandings, etc. which resulted in improvement in financial health of Company and the Company was removed from list of Non-BIFR Sick Unit and made viable as per the then norms of Government of Gujarat. In 2008, Company had established an Induction Furnace Plant with a fully automatic caster. It thereafter, expanded the manufacturing unit and started production of bright bars with an installed capacity of 3,000 MT per annum in 2011, followed by an establishment of 18 inch rolling mill with an installed capacity of 5,000 MT per annum in 2012. At present, Company is engaged in the business of manufacturing of long and flat stainless-steel products comprising of billets, forging ingots, rolled black bar, rolled bright bar, flat & patti and other ancillary products. Company primarily operate through the manufacturing facility admeasuring approximately 35,196.98 Sq.m, located at Kalol, Panchmahal, Gujarat. Manufacturing Facility is equipped with an induction furnace, Argon Oxygen Decarborizer (AOD), Continuous Casting Machine (CCM), heat treatment facilities, Oxygen and Nitrogen Plant, rolling mill and bright bar shop. The Company is planning an Initial Public Offer aggregating upto 2,25,00,000 Equity Shares comprising a fresh issue of 1,90,00,000 equity shares and 35,00,000 equity shares through offer for sale.