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Adhunik Metaliks Ltd BSE:532727 NSE:ADHUNIK

Adhunik Metaliks Ltd is engaged in Steel business. Company is listed on both NSE and BSE. NSE symbol for Adhunik Metaliks Ltd is 'ADHUNIK' and BSE code for Adhunik Metaliks Ltd is '532727'.

About Company

Adhunik Metaliks Limited, formerly known as Neepaz Metaliks Limited, is an India-based company engaged in the manufacture of steel products. The Company`s products include sponge iron, pig iron and alloy billets. Adhunik Metaliks Limited is a part of the Adhunik Group. The Company`s manufacturing operations are located at Chadrihariharpur, Sundergarh in Orissa. As of March 31, 2005, Adhunik Metaliks Limited operated five directly reduced iron (DRF) units of 100 tons per day, each in the Sponge Iron Division (Unit I) and the Steel Division (Unit II). The Steel Division (Unit II) consists of a blast furnace complex, one electric arc furnace (EAF), one ladle refining furnace and one billet caster. The capacity of billet casting plant is 2,50,000 metric tons per annum of carbon and alloy steel billets.

Adhunik Metaliks Ltd Stock Quotes and Charts

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  Industry*   Steel
  Corporate Action  Detail/More>>
  Ex_Date:29-Aug-2011    Purpose:DIVIDEND-RS.1.50 PER SHARE


Adhunik Metaliks Ltd User Reviews

3. Rajan P  Jun 3, 2008 7:25:01 AM IST Reply

Adhunik Metaliks Board recommends dividend <br>Details Adhunik Metaliks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008, inter alia, has discussed and approved the following:<br><br>1. Declared a dividend of 12% for the financial year ended March 31, 2008.<br><br>2. In principally approved Initial Public Offer of M/s. Orissa Manganese & Minerals Ltd, a 100% subsidiary of Adhunik Metaliks Ltd.<br><br>3. In confirmation to the SEBI Circular dated April 08, 2008 the Board of Directors of the Company has decided to appoint three Additional Independent Directors (subject to approval of the Central Government under section 259 of the Companies Act, 1956) to increase the number of Directors to 14. The Board of Directors has recommended the matter to the general shareholders, wherein the matter will be placed as a special resolution for their approval. <br>

2. sharad  Jan 14, 2010 3:45:24 AM IST Reply

IDFC fund to invest 2.5 billion rupees in adhunik unit.<br>It can break its 52 week high in coming week

1. sharad  Jun 16, 2010 3:13:15 AM IST Reply

<b>Buy@ Rs 110.5 For target of Rs 147 In 2 Months.</b><br><br>Prabhudas Lilladher is bullish on Adhunik Metaliks and has recommended buy rating with a target of Rs 147 in its June 1, 2010 research report.<br>“Backed by focussed and integrated steel operations, presence in attractive merchant mining business and foray into power business with captive coal mines, we reiterate our buy rating on Adhunik Metaliks. Stock trades in the attractive valuation territory with P/E of 6.1x and 5.0x

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