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Inducto Steel Ltd logo

Inducto Steel Ltd

NSE: BSE: 532001

₹50.50

(0.90%)

Sat, 30 May 2026, 04:58 am

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Company History

1988

  • The company was incorporated as Inducto Steel Private Limited in the State of Gujarat under the Companies Act, 1956.

1989

  • The company started commercial production of steel castings and ingots.
  • The company made a cash profit of Rs. 18.03 Lacs in its first year of operation.

1994

  • The company was converted into a Public Limited Company by passing a Special Resolution.

1995

  • The company obtained a fresh certificate of Change of Name from Registrar of Companies, Gujarat, Ahmedabad.
  • The company became a partner in M/s Hariyana Impex, engaged in merchant exports, with a 15% share.

2007

  • The company recommended an Equity Dividend at 5%.

2009

  • The company purchased a OBO Ship named M.V. AUGUSTA weighing 17411.90 M.T. from Karina Shipping Ltd for US$ 4.34 million for ship breaking activity.
  • The company purchased a Panamax Bulk Carrier Ship named M V LANCELOT weighing 11497 M.T. from Baltanas Shipping Ltd for US$ 2.78 million for ship breaking activity.

2012

  • The company recommended a dividend on Equity shares at Rs. 3/- per Share.

2013

  • The company office shifted to 156, Maker Chambers VI, 220, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400 021.