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Gangotri Iron & Steel Company Ltd. Company History and Annual Growth Details

YEAR EVENTS
1992 - Esskayjay Ispat Limited was incorporated as a Public Limited Company on 7th December.
It received the certificate for commencement of business on 9th December.

- The Company is engaged in the production of M.S. Deformed Cold Twisted Bars, M. S. Rounds,
M. S. Flats, etc. at its rerolling mill at Phuiwari Sheriff, Patna. The present installed
capacity of the plant is 13,500 metric tons per annum on single shift basis of 10 hours.

- The Company now proposes to enhance its re-rolling capacity from 13,500 MT per annum
to 21,600 MT per annum by running its plant in two shifts of 8 hours each which will lead to
better utilisation of furnace, fuel and power. It also proposes to change its raw material
procurement policy and start buying raw materials from large steel plants like TISCO,
Jamshedpur, and SAIL, Bokaro, instead from small local manufacturers and mini steel plants.

1998 - The Company has taken up a programme of modification in its existing plant & machinery
for increasing its efficiency and productivity, particularly for 8mm dia bars.

1999 - With the installation of a stable government and therefore improved economic
conditions it feels that the demand for housing sector will increase resulting in
improved demand of steel and better price realisation.

- Mr. Umesh Sanganeria has resigned from the Board of Directors of the Company
w.e.f. 16.11.98. Mr. Ajay Kajaria has resigned from the post of Whole time Director of
the Company w.e.f. 30.11.98 and Mr. Sanjiv Kumar Choudhary has been appointed by
the Board as Whole time Director is his place for a term of 5 years w.e.f. 1.12.98.

2000

-The Name of the Company has changed from Esskayjay Ispat Ltd. to Gangotri Iron & Steel Company Ltd.

2003

-Delisting of equity shares from Calcutta & Magadh Stock Exchanges.

2008

-Gangotri Iron & Steel Company Ltd has informed that the Company has received the delisting approval of equity share from the Calcutta Stock Exchange (CSE).

2009

-The company has issued rights in the ratio of 4:5 at a premium of Rs.10/-Per Share.

2010

-Company has splits its Face value of Shares from Rs 10 to Rs 5.

2013
-Gangotri Iron launches new brand "GISCO Duramaxx 500D"

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