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Modern Steels Ltd
NSE: BSE: 513303
₹13.17
(2.30%)
Wed, 24 Jun 2026, 05:41 am
Market Cap (in Cr)18.55
PE Ratio16.93
Dividend0
Non-Energy Minerals
Steel
24.5KCompany History
1973
- The Company was incorporated on 19th November as a Private Limited Company.
- The main objectives of the company were to manufacture steel ingots/billets, cold rolled products, oxygen gas etc.
- The company was promoted by Shri Amarjit Goyal.
1974
- The Company was converted into a public limited company on 11th July.
1976
- The Company set up a Mini Steel Plant at Mandi Gobindgarh in Punjab with an installed capacity of 9,000 tpa which was commissioned in January.
1983
- All shares were taken up by promoters, directors, their friends, etc.
1984
- 54,000 shares were issued at par to promoters, directors, their friends etc.
1986
- 3,24,000 Bonus shares were issued in proportion 1:1.
1988
- A six meters Radius Concast Plant and an Oxygen Plant with a capacity of one million cubic meters per annum were added under a modernisation scheme.
- The company entered into an agreement with M/s. Concast Standard A.G. of Zurich to make available technical and other information and knowhow for continuous casting steel.
- 6,48,000 Bonus shares were issued in proportion 1:1.
1990
- The company undertook a project to modernise the existing rolling mill division.
- The company made a public issue of equity shares to part finance the cost of modernisation, meet working capital requirements and list shares on recognised stock exchanges.
1991
- The company undertook a project to modernise and expand the steel melting plant.
- The company co-promoted a new industrial unit, Modern Dairies, Ltd., for setting up a dairy project at Karnal.
- 12,96,000 Bonus shares were issued in proportion 1:1.
- 18,00,000 Shares were issued with a premium of Rs. 7 per share.
1996
- 1,23,600 No. of equity shares were issued.
2006
- Modern Steels recommended a Dividend of 20%.
2007
- The Company issued Bonus Shares in the Ratio of 3:2.
2008
- Modern Steels designated an E-mail ID for Investors Complaints: [email protected]
2009
- Modern Steels Ltd appointed Mr. Partap K Aggarwal as Additional Director of the Company.