Steelco Gujarat

What Steelco Gujarat does

Steelco Gujarat Limited is a publicly listed Indian steel processing company (BSE Stock Code 500399) incorporated on January 9, 1989, headquartered with its manufacturing facility at Plot No.2, G.I.D.C. Estate, Palej, Bharuch, Gujarat, and a corporate office in Vadodara. The company operates vertically integrated flat steel processing lines with a combined installed capacity of 360,000 metric tonnes per annum, comprising a 180,000 MT p.a. cold rolling mill for Cold Rolled Full Hard (CRFH) input, two 60,000 MT p.a. continuous hot dip galvanizing lines, and a 60,000 MT p.a. colour coating line.

Its product portfolio includes Hot Rolled Pickled and Oiled (HRPO) coils, Cold Rolled (CR) coils, Galvanized coils, Cold Rolled Close Annealed (CRCA) and Medium Carbon High Strength (MCHC) coils, and Galvanized Corrugated sheets. The company holds ISO 9001:2015 and ISO 14001:2015 certifications and serves B2B industrial customers across automotive, consumer durables, power equipment, electronics, and infrastructure end-uses including stamping, precision tubes, perforated sheets, drums and barrels, control panels, refrigerator and two-wheeler components, eyelet, bearing cage, and tobacco tin container applications. Named customer logos include Asian Paints, Godrej, BHEL, and BPL.

Steelco Gujarat operates a direct B2B sales-led model with quote-based pricing typical of industrial steel converters, distributing finished coils and sheets to domestic Indian manufacturers from its single Gujarat facility. The company is currently under new management following NCLT approval of a Resolution Plan by Next Orbit Growth Fund III on July 31, 2023, after the company ceased operations in 2019 due to a steel industry recession-triggered financial crisis and was admitted to Corporate Insolvency Resolution Process on December 30, 2020. The new board includes senior professionals such as Anoop Kumar Saxena (Managing Director) and former JCB India MD/CEO Subir Kumar Chowdhury (Independent Director).

Name

Steelco Gujarat

Legal name

Steelco Gujarat Limited

Website

https://steelcogujarat.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Steelco Gujarat Limited is a BSE-listed Indian flat steel processor manufacturing cold rolled, hot dip galvanized, and colour coated coils and sheets from its integrated Palej, Bharuch facility, serving automotive, consumer durables, power equipment, and infrastructure OEMs under new PE-backed management following 2023 NCLT resolution.

Ownership category

akta.pro rank

Product category

Flat Steel Products Manufacturing

NAICS

Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)

akta.pro secondary industries

Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF), Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

Keywords

• Cold rolled steel
• Hot dip galvanizing
• Steel coil manufacturing
• Colour coated steel
• Flat steel products

Headquarters

HQ city

Bharuch

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Products Manufacturing and Sales: Manufacturing and direct sale of steel coils and sheets including GP/GC Coils, CR Coils, HRPO Coils, Colour Coated Coils, and Galvanized products to industrial customers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Steelco Gujarat Limited manufactures flat-rolled steel products including Hot Rolled Pickled and Oiled (HRPO) coils, Cold Rolled (CR) coils, Galvanised coils, Cold Rolled Close Annealed (CRCA) and Medium Carbon High Strength (MCHC) coils, Galvanized Corrugated sheets, and Colour Coated coils/sheets. Manufacturing is conducted at a single integrated facility in Palej, Bharuch (Gujarat, India) with cold rolling (180,000 MT p.a.), hot dip galvanizing (60,000 MT p.a. per line), and colour coating (60,000 MT p.a.) capabilities serving industrial customers across automotive, consumer durables, and infrastructure sectors.

Product overview

Steelco Gujarat Limited is a steel manufacturing company offering a portfolio of flat-rolled steel products. The core product line includes HRPO Coils (Hot Rolled Pickled and Oiled), CR Coils (Cold Rolled), Galvanised Coils, CRCA & MCHC Coils (Cold Rolled Close Annealed and Medium Carbon High Strength), and Galvanized Corrugated sheets. The company began commercial production of Cold Rolled Steel products in FY1994 with an initial capacity of 180,000 MT per annum and expanded through forward integration by adding Continuous Hot Dip Galvanizing Lines and a Colour Coating Line, each with 60,000 MT p.a. capacity. The products serve diverse industrial applications including automotive components, consumer durables, construction, and precision engineering.

Differentiator

Problem solved

Functional benefit

Products and services

• HRPO Coils Hot Rolled Pickled and Oiled (HRPO) coils are flat-rolled steel products that undergo a pickling process to remove surface oxides, resulting in clean, high-quality steel suitable for further processing and manufacturing applications. Targeted at industrial manufacturers as raw material input.
• CR Coils Cold Rolled (CR) coils are flat steel products manufactured through cold reduction processing, offering superior surface finish, dimensional accuracy, and mechanical properties for applications requiring precision and strength. Targeted at industrial manufacturers needing precision-grade flat steel.
• Galvanised Coils Hot-dip galvanized coils are steel products coated with a protective zinc layer through continuous galvanizing, providing enhanced corrosion resistance for outdoor and industrial applications. Targeted at industrial buyers in construction, infrastructure, and outdoor applications.
• CRCA & MCHC Coils Cold Rolled Close Annealed (CRCA) and Medium Carbon High Strength (MCHC) coils are premium flat steel products with enhanced mechanical properties, suitable for high-strength applications and precision components. Targeted at precision engineering and component manufacturers.
• Galvanized Corrugated Sheets Galvanized corrugated sheets are zinc-coated steel products formed into corrugated patterns, commonly used in roofing, cladding, and structural applications requiring weather resistance and strength. Targeted at construction, roofing, and infrastructure customers.
• Colour Coated Coils and Sheets Colour Coated Coils and Sheets are value-added flat steel products with a colour coating finish, manufactured at the integrated Palej facility. Targeted at industrial buyers in consumer durables, roofing, and pre-engineered building applications.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• MUFG Intime India Private LimitedminorOthersRegistrar and Share Transfer Agent (RTA) for equity shares. Formerly known as Link Intime India Private Limited. Handles share transfer, investor queries, and dematerialization services.
• Vistra ITCL (India) LimitedminorOthersDebenture trustee for the company's non-convertible debentures. Located in Mumbai providing trustee services for debt securities.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Jindal Steel & Power Limited: Indian integrated steel producer with downstream plate and flat product capabilities — broad steel incumbent with overlapping industrial customer base.
• JSW Steel Limited: One of India's largest integrated steel producers with significant downstream cold rolling, galvanizing and color coating capacity — operates broadly across steel value chain including the niche where Steelco competes.
• Steel Authority of India Limited (SAIL): India's largest public sector steel producer with integrated operations and substantial downstream processing — competes broadly in flat steel categories where Steelco is positioned.
• Tata Steel Limited: Major Indian integrated steel producer with extensive downstream flat steel product offerings including CR, galvanized and color coated — broad incumbent with overlapping product portfolio but far larger scale.
• AMNS India (ArcelorMittal Nippon Steel India, formerly Essar Steel): Major Indian flat steel producer with integrated Hazira operations and significant downstream capacity — broad incumbent competing in the same flat steel value chain segments.

Direct peers

• Visa Steel Limited: Indian steel company with downstream processing and value-added steel products, operating in comparable flat and long steel product categories serving industrial customers.
• Gallantt Ispat Limited: Indian listed steel manufacturer with rolling mill, cold rolling and value-added product capabilities serving similar industrial B2B customers in domestic markets.
• Uttam Galva Steels Limited: Indian standalone flat steel processor producing cold rolled, galvanized and color coated coils and sheets — competes in the same downstream niche and serves overlapping automotive and consumer durables customers.
• JSW Steel Coated Products Limited: Indian listed manufacturer of cold rolled, galvanized and color coated flat steel products from purchased HR coils — the closest direct comparable in product mix and downstream positioning to Steelco Gujarat.

Emerging players

• Surana Industries Limited: Smaller Indian steel manufacturer with rolling and processing capabilities — comparable emerging player in the domestic flat steel processing space, though at a smaller scale than Steelco.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Steelco Gujarat