Company Overview and News
Steelco Gujarat has commenced commercial production of a new colour coating line from June 1. In a post-market-hours disclosure to the exchanges, the company said the new product — pre-painted galvanised iron (PPGI) coils and sheets — will enhance its capacity to 60,000 tonnes per annum. Investors will closely monitor the development at the company, which is a subsidiary of Spica Investment Ltd, Mauritius, and belongs to the Comcraft Group.
Markets watchdog Sebi has imposed a penalty of Rs 25 lakh on Steelco Gujarat Ltd and its promoter group Spica Investments for not complying with the minimum public shareholding norms within the mandated timeframe.
Sales decline 41.88% to Rs 98.70 crore