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Amreli Steels Limited (امریلی اسٹیلزلمیٹڈ) is a publicly held Pakistani company which manufactures steel rebars.[7] It is based in Karachi, Pakistan.[8]
 | |
| Amreli Steels Limited[1] | |
| Formerly |
|
| Company type | Public |
| PSX: ASTL | |
| Industry | Steel |
| Founded | 1972 |
| Founder | Abbas Akberali (Chairman)[3] |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Shayan Akberali (CEO)[4]
Hadi Akberali (COO) Kinza Shayan (Director) Mariam Akberali (Director) |
| Products | Rebar[5] |
| Revenue |  Rs. 39.218 billion (US$140 million) (2021)[6] |
| Rs. 1.36 billion (US$4.7 million) (2021)[6] | |
| Website | www |
History edit
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 edit
Amreli Steels’ posted Rs1.1 billion total loss for the fiscal year 2020, which resulted in Rs 3.79 loss per share.[13]
References edit
- ^ "Financials". Pakistan Stock Exchange Limited. ASTL. Retrieved 13 October 2018.
- ^ a b OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
- ^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
- ^ a b "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
- ^ "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
- ^ a b "ASTL Annual Report 2021" (PDF). amrelisteels.com. Retrieved 24 March 2022.
- ^ "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
- ^ a b "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
- ^ a b Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
- ^ a b Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
- ^ "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
- ^ Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
- ^ Profit (2020-09-19). "Amreli Steels posts first annual loss in a decade". Profit by Pakistan Today. Retrieved 2020-09-24.
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