Mahamaya Steel Industries reported the highest-ever December sales growth of 36.22%

Mumbai (Maharashtra) : Mahamaya Steel Industries Limited (MAHASTEEL | 513554 | INE451L01014), a heavy steel structure pioneer, reported a 36.22% increase in December 2022 sales to 12149.880 MT from 8919.490 MT in November 2022. Following the release of the December sales figures.

Mahamaya Steel Industries, founded on May 23, 1988, is a public limited company registered under the Companies Act of 1956. The company has a heavy steel structural mill, a steel melting shop, and a gas plant in Raipur, Chhattisgarh. The company is ISO 9001:2015 and ISO 14001:2015 certified, and it manufactures heavy and light steel structures for the construction, automobile, railway, and power industries, such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges.

The company’s product is used in infrastructure projects such as railways, power plants, dams, and bridges. The structural steel unit has an installed capacity of 2,05,500 MTPA, the steel melting shop has an installed capacity of 2,00,000 TPA, and the oxygen gas plant has an installed capacity of 9,00,000 Cubic Meters. To generate additional revenue, the company sells excess oxygen gas output to third parties.

The promoters of the company are Ramanand Agrawal and his family members. The Agrawal family is a well-known Raipur industrialist family.

The company is a pioneer in the production of 600 MM joists, girders, and channels. Customers include Reliance Industries, Petro Refineries, Metro Railways, Indian Railways, State-owned Electricity Boards, Power Plants, Ports, and Airports.

Rajesh Agrawal, the managing director of Mahamaya Steel, has over three decades of experience in the steel industry. Agarwal believes in innovation and is responsible for many new developments in the structural manufacturing fields.

BSE website https://www.bseindia.com/stock-share-price/mahamaya-steel-industries-ltd/mahasteel/513554/

TAGS: Mahamaya Steel Industries Limited, December sales, BSE