Sai Infinium Ltd.
BSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2022-23 | FY 2021-22 |
|---|---|---|
| 51,842.67 | 15,430 | |
| 218.31 | 73.72 | |
| 52,060.98 | 15,503.72 | |
| 48,927.82 | 13,735.11 | |
| 136.61 | 322.2 | |
| 107.41 | 234.07 |
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About the Company
We operate from our manufacturing plant located at Survey No. 1020/ 1021/1 Paiky -B, Charmardi Village, taluka –Vallbhipur, Bhavnagar - 364310, Gujarat, area measuring 53,781 sq. meters’ with an installed capacity of 300 MetricTons (“MT”) per eight-hour shift for the production of TMT bars and MS billets. The plant manfuactures MS Billetsfrom various materials, including M S Scrap, waste and scrap of iron and steel, heavy melting scrap, shredded steelscrap, copper mould tube, HC silico manganese, HR coil, sponge iron and old & used MS plates. These MS Billetsare then used to produce TMT Bars. While iron and steel scrap are sourced from our own ship recycling unit, most ofthe other raw materials are sourced from external suppliers located in Gujarat, UAE, United Kingdom, USA andSingapore, on a sales contract basis. Our plant produces TMX bars in grades Fe 500, Fe 500 D, in sizes 8 MM, 10MM, 12 MM, 16 MM, 20 MM and 25 MM as well as 100 x 100 MS Billets. These TMT Bars are certified as a greenproduct by the CII - Green Products and Services Council.Our Ship Breaking Plant is located at Plot No. 158, Sosiya Ship Breaking Yard, Sosiya Village, Talaja Taluka,Bhavnagar – 364081, Gujarat. According to CARE report, India’s Alang ship-recycling yard, one of the largest in theworld, has over 140 recycling yards. India stands as the world’s second-largest player in the ship-recycling industry,only behind Bangladesh. The ship-recycling activities in India are also conducted in a limited manner at theKidderpore Docks, Syama Prasad Mookerjee Port, Kolkata; the Mumbai Port, and by the Steel Industrials KeralaLimited.
Use of Proceeds
1) Funding of capital expenditure requirements towards setting up of the 17.4 MW Hybrid Power Plant -Gangiyavadar, Wankaner, Gujarat;2) Funding of capital expenditure requirements towards setting up of the Mild Steel (“MS”) Structures Rolling Mill– Bhavnagar, Gujarat;3) Purchase of Cargo Vessel (“Ship - Corsica”) for Ship Breaking Plant – Alang, Bhavnagar, Gujarat;4) General Corporate Purposes.
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