|₹940 / ₹293.2|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Earlier known as Raipur Wires & Steel, Raipur Alloys & Steel was promoted in Dec. '77 by the Tejpaul group, Bombay. The Sanda group purchased it in 1979 and renamed it Raipur Alloys & Steel in 1985. It produces sponge iron, for its captive use to convert it into rolled products for sale. The company came out with an issue of fully convertible debentures in Dec. '92 to part-finance the sponge iron project and meet part of the long-term working capital requirements. The products of the company, mild steel and carbon steel billets, are used by re-rollers. To make its sponge iron plant self-sufficient, it has identified areas in Madhya Pradesh having good deposits of iron ore and has applied for leases in these areas.