Support and Resistance Levels
Past performance
About Mahamaya Steel Industries Ltd Mahamaya Steel Industries Ltd., established in May 1988 and formerly known as Rajesh Strips Ltd, is a prominent steel manufacturer based in Raipur, Madhya Pradesh. The company specializes in producing a variety of steel structures, including angles, beams, channels, and railway sleepers, with a high-capacity structural rolling mill supported by a comprehensive steel melting shop (SMS). Initially expanding in 1994 to enhance its production capabilities, Mahamaya has continued to upgrade its facilities, including the installation of a heavy structure mill and a power project in the late 1990s.
In the 2000s, Mahamaya Steel further expanded its operations by acquiring Raipur Ferro Alloys and entering an agreement with Steel Authority of India Limited for product conversion. The company has also enhanced its infrastructure with a new furnace and an oxygen gas plant. In 2020, Mahamaya sold its associate company's manufacturing unit and related assets for Rs. 10 Crores. The company's strategic expansions and collaborations underscore its role in India's steel industry.