₹ 146.00 +1.55 (1.07%)
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Overview
- BSE Code 77903
- NSE Symbol CMNL
- ISIN Demat INE06PV01010
- Book Value (₹)
- Face Value (₹) 10.00
- Market Cap (₹ Cr.)
- P/E (TTM)
- EPS (TTM)
- Div Yield (%)
Performance
Corporate Actions
Chaman Metallics Limited - Commencement of commercial production/operations
Apr 18, 2025Chaman Metallics Limited has informed the Exchange about Commencement of commercial production/operations
Chaman Metallics Limited - Capacity addition
Apr 18, 2025Chaman Metallics Limited has informed the Exchange about Capacity addition
About Chaman Metallics Ltd
Chaman Metallics Limited was initially formed as 'Chaman Metallics Private Limited' on November 10, 2003. Subsequently, the Company converted into a Public Company and renamed as 'Chaman Metallics Limited' vide a fresh Certificate of Incorporation dated April 22, 2008, as registered with the Registrar of Companies, Mumbai.
the Company is primarily engaged in manufacturing and selling of Direct Reduced Iron (i.e. Sponge Iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. Their manufacturing unit is based at Chandrapur, Maharashtra.
At their sponge iron manufacturing unit, Company operate two Rotary kilns having an aggregate annual installed capacity of 72,000 MT for production of sponge iron. The strategic location of sponge iron manufacturing facility aids its access to high-quality iron ore, iron ore pellets, coal and dolomite which are the major raw materials for sponge iron manufacturing. During the production of sponge iron, a solid waste is produced as a by-product called dolochar, which is used in manufacturing steel billets, ingots and re-rolled products.
The manufacturing facility is equipped with requisite technology and infrastructure including machineries, testing laboratory other handling equipments to facilitate smooth manufacturing process. The key raw materials to produce sponge iron are iron ore/iron ore pellets, coal and dolomite. Sponge iron manufacturing is highly sensitive to raw material characteristics that would help obtain the rated capacity and the desired product quality. To ascertain the suitability of raw materials in a rotary kiln, the Company hase in-house testing laboratory that is responsible for conducting tests on raw materials i.e .coal, iron ore and dolomite to check their chemical and physical properties, to ensure the conformity of product conform with pre-determined standards.
the Company commenced their commercial production at Chandrapur factory unit in year, 2005. Thereafter, in 2008 it purchased land in Chandrapur District, within the limits of Grampanchayat, Yerur. the Company was under the control of MSP Group from 2006 to 2019. In 2019, the Company was acquired by Raipur-based GR Group which is in steel business since 1996. The business operations are organized synergistically, through which it derive benefits after their acquisition by GR Group, which operates in various segment of steel i.e. Ferro alloys, Sponge Iron, MS Ingots and re-rolled products.
the Company came out with a Public Issue in January, 2023 by raising capital of Rs. 24.21 Crores through Fresh Issue.
Founded | : 2003 |
Chairman | : Chetan Agrawal |
Managing Director | : Chetan Agrawal |
Address | : A-26 MIDC Taladi Growth Centre, Chandrapur, Maharashtra, 442406, |
- PAN Card
- Cancelled Cheque
- Latest 6 month Bank Statement (Only for Derivatives Trading)