Heera Ispat

Heera Ispat Limited, a publicly listed company based in Ahmedabad, operates primarily within the Metal and Ferrous business space in India. The company's future outlook focuses on manufacturing steel bars and wires using new raw materials and imported coal to serve the growing demand in the construction industry. Currently, the company is not involved in any commercial manufacturing or trading activities as it works toward making its production unit operational upon receiving viable orders. Management is actively identifying and exploring all possibilities for marketing its proposed products, including steel plates and cast iron items for the automobile sector. The management is hopeful about starting trading operations in iron and steel by leveraging its directors' market reputation and exploring options to raise additional funds. To support future expansion and working capital needs, the board has proposed increasing the company's borrowing limit up to Rs. 500 Crores.;