Support and Resistance Levels
Past performance
About Chaman Metallics Ltd Chaman Metallics Limited, established in 2003 and later converted into a public company in 2008, specializes in manufacturing and selling Direct Reduced Iron (sponge iron), primarily utilized in steel production. Their manufacturing unit, located in Chandrapur, Maharashtra, spans 63 acres and features two Rotary kilns with an annual production capacity of 72,000 MT. The facility benefits from strategic proximity to essential raw materials like iron ore and coal, ensuring efficient production processes. The company is equipped with advanced technology and an in-house testing laboratory to maintain product quality.
Acquired by the GR Group in 2019, Chaman Metallics benefits from synergistic operations within the steel industry, including Ferro alloys and MS Ingots. In January 2023, the company raised Rs. 24.21 crores through a public issue, signaling its growth ambitions. Its robust infrastructure and strategic location position it favorably within the steel manufacturing sector, catering to specific geographic markets.