Beekay Steel Industries News

Beekay Steel Gets IND A/Stable Rating Affirmation

India Ratings affirms IND A/Stable rating on Beekay Steel's ₹4,230 million bank loan facilities, citing EBITDA stability from conversion business and expected operational recovery in 2H FY26.

Beekay Steel Industries Seeks Shareholder Approval for Two Key Director Appointments via Postal Ballot

Beekay Steel Industries has initiated a postal ballot process seeking shareholder approval for appointing Lokanath Sahu as Whole-time Director (Operation) for 5 years at Rs 2,94,320 per month and Binod Kumar Tulsyan as Independent Director for 5 years, both effective from November 12, 2025. The e-voting period runs from December 6, 2025 to January 5, 2026, with results to be declared on January 5, 2026, as the company strengthens its board structure with specialized expertise in DRI operations and business leadership.

Beekay Steel Industries Reports Strong Half-Year Profit and Appoints Two New Directors

Beekay Steel Industries Limited's Board approved unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a standalone profit of Rs. 1,099.23 lakhs and consolidated profit of Rs. 1,138.80 lakhs for the half-year period. The Board also approved the appointment of Mr. Lokanath Sahu as Whole Time Director (Operation) for a 5-year term and Mr. Binod Kumar Tulsyan as Independent Director for a 5-year term, both effective from November 12, 2025, subject to shareholder approval through postal ballot. The company operates in steel and allied products manufacturing including sponge iron, TMT and long products, specialty alloys, and power generation.

Beekay Steel Starts Commercial Production at New Cuttack Manufacturing Unit

Beekay Steel has commenced commercial production at its new manufacturing facility in Cuttack. The unit operates across four divisions and has begun commercial operations.