What we do Heera Ispat Limited is an Indian company engaged in the metal and ferrous industry, specializing in manufacturing diverse steel types including mild, low carbon, alloy, special, and stainless steels through induction furnace technology. |
Founded in 1,992 |
Market share Currently minimal market presence with halted commercial operations and significant accumulated losses; seeking revival through trading and fundraising. |
Problem solved Provides steel products catering to construction and industrial needs, aiming to supply quality steels such as alloys, billets, and ingots. |
Top clients or who we serve Industries requiring steel products; focus on B2B clientele including construction and manufacturing sectors. |
Key management - |
Our journey and innovations Incorporated in 1992, set up induction furnace plant with 20,000 M.T. capacity; undergoing restructuring due to operational inactivity. |
Where we operate Primarily operates in Gujarat, India. |
Top products or what we offer Various types of steel including mild steel, low carbon steel, alloy/special steels, and stainless steel billets and ingots. |
Top brands - |
Raw materials needed Iron ore, scrap metal, alloys needed for steel production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is currently nil due to no operations; historically cyclical based on steel demand. |
Our industry position Currently inactive with eroded net worth, lacking significant competitive positioning; exploring revival options. |
Financial highlights No revenue for 2024-25; net loss of Rs. 46.46 lakh; total expenses Rs. 46.46 lakh; significant accumulated losses. |
Geographical revenue split - |
Order book - |
Whats driving growth Management’s plan to restart trading in steel and construction materials; potential capital infusion and joint ventures. |
Our future plans Exploring business restart through trading iron, steel products; seeking investors and joint venture partners. |
Our green promise - |
Our people and values - |
Key challenges ahead Financial constraints, loss-making status, regulatory compliance issues, and operational inactivity pose challenges. |
Interesting facts Dematerialized 92.59% of equity shares; listed on BSE but no recent listing fee paid; company in turnaround phase. |
Risks and strategy Risk of continued losses and non-operation; strategy includes raising funds, resuming trading activities, and regulatory compliance. |
