Rajputana Stainless Ltd.

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About the Company

We are a growing Stainless Steel Manufacturing Unit with an annual installed capacity of 40,000 MT. In addition, we have an in-house Bright Bar manufacturing Unit having an annual installed capacity of 3,600 MT and two Wind Mill Projects at Kutchch and Rajkot respectively having an aggregate existing Power generation capacity of 2.10 MW, which we use for captive power consumption. We are one of the fastest growing manufacturers of high quality Stainless Steel Billets, RCS, Wire Rods, Hexagon, Square, Black & Bright Bars in various grades and sizes. Our Company’s Manufacturing Plant is located at 213, Madhwas, Halol Kalol Road, Kalol, Panchmahals Dist., Gujarat-389330. Our Plant is located on the Vadodara-Indore National Highway and is 55 kms from Vadodara Steel Market and 60 kms from ICD Dashrath Port. Our Company sells its goods through its Marketing offices located at Vadodara and Mumbai. In addition to that we have various dealers all across India selling our goods. Our customer profile includes Suraj Stainless Ltd., Rajratna Metals and other such Stainless Steel Players. The Company’s Revenues have grown from 3157.29 lacs in fiscal 2005 to Rs. 11281.21 lacs in fiscal 2009, at a CAGR of 37.49%. Our earnings before interest, tax, depreciation and amortization has increased from Rs. 46.21 lacs in 2005 to Rs. 657.69 lacs in 2009, at a CAGR of 94.23%. Our profit after tax has increased from Rs. 9.42 lacs in fiscal 2005 to Rs. 137.62 lacs in fiscal 2009, at a CAGR of 95.50%. This improvement in performance is due to the plant expansion carried out in 2008-09 Currently the company has an in-house Melting Unit, and Bright Bar unit and other facilities such as Drawing, Rolling etc are done by the Company outside on a job work basis. In order to achieve our goal of becoming a leading full-service integrated Stainless Steel Company with presence across the value chain, we are currently exploring options in the form of Forward Integration in the Stainless Steel Industry Value chain and are also considering certain key processes done outside currently to be done inhouse for improved productivity and profitability. We plan to setup our own Rolling Mill at a plot adjacent to our existing production Plant in order to gain the advantages of forward integration. The land procurement for the Rolling Mill Project has been completed and the shed construction for the same has already been started. We are also planning to increase our production capacity of Bright Bars to match the growing demand of this product. Also in order to further benefit from Power savings generated by owning Wind Energy Units we plan to set up one more Wind Mill having a Power generating Capacity of 1.5 MW at Gujarat.