Karachi, Amreli Steel Limited informed Pakistan Stock Exchange that the Board of Directors of the company in their meeting held on June 23, 2022 has approved investment into non-ferrous operations as a first step to diversify the company’s business portfolio.
Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly engaged in manufacture and sale of steel bars and billets.
The total numbers of shares are 297,011,427. The Earnings per share is (3.79) in 2020 which was 0.11 in 2019. The Profit after Taxation of the Company is (1,126,617,000) in 2020 which was 32,823,000 in 2019.