Cannabaceae

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Amreli Steels Limited
Amreli Steels Limited[1]
Formerly
  • Amreli Steels (Pvt) Ltd
  • Amreliwala Hardware Industries[2]
Company typePublic
PSX: ASTL
IndustrySteel
Founded1972; 52 years ago (1972)
FounderAbbas Akberali (Chairman)[3]
HeadquartersKarachi, Pakistan
Area served
Pakistan
Key people
Shayan Akberali (CEO)[4]

Hadi Akberali (COO)

Kinza Shayan (Director)

Mariam Akberali (Director)
ProductsRebar[5]
RevenueIncrease Rs. 39.218 billion (US$140 million) (2021)[6]
Increase Rs. 1.36 billion (US$4.7 million) (2021)[6]
Websitewww.amrelisteels.com

Amreli Steels Limited (امریلی اسٹیلزلمیٹڈ) is a publicly held Pakistani company which manufactures steel rebars.[7] It is based in Karachi, Pakistan.[8]

History

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It was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan.[8]

As of 2013, the company's production capacity was estimated to be 150,000 tonnes,[2] which by 2017 had increased to 180,000 tonnes.[9][10]

In 2018, the company established a new production facility in Dhabeji with a 400,000 tonnes capacity.[11][12] A strategic goal of the firm has been to be the first Pakistani company to reach annual production of 1 million tonnes of rebar product.[4]

Amreli transitioned from a private to public firm in 2015, when it was listed on the Pakistan Stock Exchange following an initial public offering in October 2015.[9][10]

Financial Performance

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Amreli Steels’ posted Rs1.1 billion total loss for the fiscal year 2020, which resulted in Rs 3.79 loss per share.[13]

References

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  1. ^ "Financials". Pakistan Stock Exchange Limited. ASTL. Retrieved 13 October 2018.
  2. ^ a b OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
  3. ^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
  4. ^ a b "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
  5. ^ "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
  6. ^ a b "ASTL Annual Report 2021" (PDF). amrelisteels.com. Retrieved 24 March 2022.
  7. ^ "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
  8. ^ a b "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
  9. ^ a b Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
  10. ^ a b Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
  11. ^ "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
  12. ^ Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
  13. ^ Profit (2020-09-19). "Amreli Steels posts first annual loss in a decade". Profit by Pakistan Today. Retrieved 2020-09-24.


source: https://en.wikipedia.org/wiki/Amreli_Steels

One thought on “Cannabaceae”

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