Vallabh Steels Share Price

Vallabh Steels Limited was promoted by Shri Kapil Jain in 1980s. The Company is mainly engaged in the manufacturing and marketing of Steel Pipes and Cold Rolled Steel Strips Coils. The Company has its manufacturing operations in Punjab. The company initially started with the manufacturing of stainless steel ingots/flats. Subsequently, the company installed a rolling mill and tube mill for the manufacture of steel stripes and ERW pipes in 1990 and 1991 respectively. In 1995, the company started manufacturing of cold rolled (CR) steel/brass strips having an installed capacity of 30,000 tpa and 3000 tpa respectively at its existing plant at Ludhiana. Commercial production commenced in Aug.96.During the year 199798 , the company has installed aditional Tube Mill having installed capacity of 21600 TPA thereby increasing the total installed capacity from 21600 TPA to 43200 TPA. The commercial production of which has been commenced in the month of January 1998.During 199899, the Company modernised its Cold Rolling Mill Plant and PSIDC has sanctioned a term loan for this project and had implemented the project during the year February 2000 with an expanded capacity of 45000 MT per annum.During the year 200304, Company commissioned a new C. R.Mill Plant at Rajpura in Punjab in March, 2004. The Companys backward integration project for the manufacture of sponge iron with 350 Tons Per Day capacity in Jharkhand started commercial production.At present, Company is producing high value steel products annually, marketed under the brand Oswal with the products comprising of Cold Rolled Coil, Galvanized Black ERW Pipes, Galvanized Plain Sheets, Galvanized Corrugated Sheets Precision Tubes.

As of , Vallabh Steels share price is ₹9.4. The stock opened at ₹9.4 and had closed at ₹9.4 the previous day. During today’s trading session, Vallabh Steels share price moved between ₹9.21 and ₹9.39, with an average price for the day of ₹9.30. Over the last 52 weeks, the stock has recorded a low of ₹6.02 and a high of ₹12.59. In terms of performance, Vallabh Steels share price has increased by 2.1% over the past six months and has declined by 23.91% over the last year.