Friday, June 14, 2024

Gyscoal Alloys Ltd. Focusses on Exports /Attractive Rights Issue  closes on 12th January 2023

Gyscoal Alloys Limited (GAL),an ISO 9001:2015 Certified Company engaged into  manufacture of  different grades of Stainless Steel products including Equal angle bars, bright and black bars, flats, ingots, etc, ranging between 200 series to 400 series which announced a rights issue of shares in ratio of 110 shares for every 100 shares held at  price of Rs.2.75 per share.

According to Mr.Viral Shah – Chairman & Managing Director, Gyscoal has been an ardent entrepreneur in this growing industry of stainless and mild steel and  has acquired new skills & brought in new ultra modern state technologies to give its patronage better products. 

With measured & Strategic manufacturing process, Gyscoal plants deliver international quality products to the loyal clientele. 

EXPANSION; Company plans to set up a TMT plant as well as Solar Power Plant which will reduce the cost of electricity consumed and will increase the profitability. Also power generation would help ot to go eco-friendly. 

FOCUS ON EXPORTS: Company is already exporting to various countries in AFRICA, SOUTH AMERICA, EUROPE & ASIA ,whereby its profitability is expected to increase. 

It plans to expand with  its client base and focus on new clients and increase its presence in the foreign export markets.

Gyscoal has been a consistent supplier to all major Global markets and enjoys a high degree of acceptability from all key export customers, due to its consistent superior quality and high degree of reliability.

The company can easily achieve the projected levels of production and sales with major sales coming from Exports, which will be at least 60% to 70% of the total sales. With shorter working capital cycles in the industry, Gyscoal can easily rotate its working capital for more than 8 to 10 times a year which will ensure high level of profitability and Return on Investment.

With these positive developments, Gyscoal is all poised to grow on a fast pace.

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