Support and Resistance Levels
Past performance
About Kanishk Steel Industries Ltd Kanishk Steel Industries Limited, established in 1989 and the largest steel manufacturer in South India, produces a wide range of iron and steel products under the brand 'KANISHK STEELS.' Originally promoted by the Gupta Bros., the company became public in 1992 and has since expanded its production capacity from 50,000 tpa to 66,000 tpa. The company is notable for integrating eco-friendly practices, such as generating power through wind mills, and has a technical partnership with Chongquing Iron & Steel Company in China.
Major structural changes include the merger with OP Steel Limited and Avanti Oil and Steel Industries in 2006 and the creation of a special purpose vehicle for renewable energy. In 2013, Kanishk Steel underwent a significant corporate restructuring, transferring its Power Division to Gita Renewable Energy Limited and its Sponge Iron Division to Chennai Ferrous Industries Limited, resulting in a share distribution among these entities. The company continues to be recognized for quality, price, and delivery in the Indian steel market.