Amreli Steels

Amreli Steels Limited is a publicly held Pakistani company which manufactures steel rebars.[7] It is based in Karachi, Pakistan.[8]

Amreli Steels Limited
Amreli Steels Limited[1]
Formerly
  • Amreli Steels (Pvt) Ltd
  • Amreliwala Hardware Industries[2]
Public
Traded asPSX: ASTL
IndustrySteel
Founded1972 (1972)
FounderAbbas Akberali (Chairman)[3]
HeadquartersKarachi, Pakistan
Area served
Pakistan
Key people
Shayan Akberali (Chief Executive Officer)[4]

Kinza Shayan (Director) Mariam Akberali (Director)

Hadi Akberali (Chief Operating Officer)
ProductsRebar[5]
₨1.6 billion (2018)
Websitewww.amrelisteels.com
Footnotes / references
Net income, 2017;[5] net income, 2018[6]

History

It was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan.[8]

As of 2013, the company's production capacity was estimated to be 150,000 tonnes,[2] which by 2017 had increased to 180,000 tonnes.[9] In 2018, the company established a new production facility in Dhabeji with a 400,000 tonnes capacity.[6] A strategic goal of the firm has been to be the first Pakistani company to reach annual production of 1 million tonnes of rebar product.[4]

Amreli transitioned from a private to public firm in 2015, when it was listed on the Pakistan Stock Exchange following an initial public offering in October 2015.[9]

Capacity Expansion

Amreli Steels cemented its dominance and leadership in Pakistan's Steel Industry in March 2019 by expanding its manufacturing facilities that increased its rebar capacity to 605,000 tonnes and billet capacity to 600,000 tonnes per annum. The new facilities have enabled the company to maintain its cost leadership and provide a better product to its customers. Amreli Steels expects that the economies of scale and new technologies will further help it cut manufacturing costs, spread fixed costs and as a result improve margins.

Major Projects
  • Jinnah International Airport, Karachi
  • Aga Khan University & Hospital, Karachi
  • Allama Iqbal International Airport, Lahore
  • LuckyOne Mall, Karachi
  • Benazir Bhutto International Airport, Islamabad/Rawalpindi
  • Bagh-e-Jinnah, Karachi
  • Chashma Nuclear Power Plant, Kundian
  • DG Khan Cement, Chakwal
  • Bestway Cement, Islamabad
  • Fatima Fertilizers, Multan
  • Fish Harbour, Karachi
  • FTC Flyover, Karachi
  • Gwadar Deep Sea Port, Karachi
  • Hub Power Station, Balochistan
  • Indus Highway Project, Karachi
  • Japanese Consulate, Karachi
  • Jinnah Bridge, Karachi
  • Northern Bypass, Karachi
  • Lakhra Coal Power Project, Jamshoro
  • Lilly Bridge 2, Karachi
  • Lucky Cement, Khyber Pakhtunkhwa
  • Lucky Textile Mills, Karachi
  • Lyari Expressway, Karachi
  • MCB Tower, Karachi
  • Meezan Bank, Headquarters, Karachi
  • Mirani Dam, Balochistan
  • National Refinery Limited, Karachi
  • Northern Bypass, Karachi
  • Ocean Tower & Mall, Karachi
  • Packages Limited, Lahore
  • Pakistan Broadcasting Corporation, Islamabad
  • PARCO, Karachi
  • Port Grand, Karachi
  • Serena Hotel, Islamabad
  • Shaheed-e-Millat Flyover, Karachi
  • Shaukat Khanum Memorial Hospital, Lahore
  • US Embassy, Afghanistan
  • National Stadium, Karachi

References
  1. "Financials". Pakistan Stock Exchange Limited. ASTL. Retrieved 13 October 2018.
  2. OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
  3. Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
  4. "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
  5. "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
  6. "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
  7. "Amreli Steels okays expansion in melting capacity".
  8. "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
  9. Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.


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