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Amreli Steels

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Pakistani steel rebar manufacturer
Amreli Steels Limited
Trade nameAmreli Steels Limited
Formerly
  • Amreli Steels (Pvt) Ltd
  • Amreliwala Hardware Industries
Company typePublic
Traded asPSX: ASTL
IndustrySteel
Founded1972; 53 years ago (1972)
FounderAbbas Akberali
HeadquartersKarachi, Pakistan
Area servedPakistan
Key peopleShayan Akberali (CEO)
Hadi Akberali (COO)
ProductsRebar
RevenueIncrease Rs. 39.218 billion (US$140 million) (2021)
Net incomeIncrease Rs. 1.36 billion (US$4.7 million) (2021)
Websiteamrelisteels.com

Amreli Steels Limited (Urdu pronunciation: [əmˈreː.li stiːlz] um-RAY-lee STEELZ) is a Pakistani steel rebars manufacturer headquartered in Karachi.

History

Amreli Steels was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan.

As of 2013, Amreli's production capacity was estimated to be 150,000 tonnes, which by 2017 had increased to 180,000 tonnes.

In 2018, Amreli established a new production facility in Dhabeji with a 400,000 tonnes capacity. 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.

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.

References

  1. ^ OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
  2. "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
  3. "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
  4. Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
  5. "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
  6. ^ Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
  7. ^ Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
  8. "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
  9. Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
  10. "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
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