BSRM

The Bangladesh Steel Re-Rolling Mills Ltd., commonly known as BSRM, is a Bangladeshi steel manufacturing company based in Chittagong.[1] It is the largest construction steel manufacturer company in Bangladesh.

Bangladesh Steel Re-Rolling Mills Ltd.
Public
Traded asDSE: BSRMSTEEL
CSE: BSRMSTEEL
IndustryEngineering
GenreSteel
Founded1952
HeadquartersSadarghat Road,
Chittagong
,
Bangladesh
Websitewww.bsrm.com/ 

History

In 1952, five Indian businessman named Akberali Africawala, Alibhai Africawala, Taherali Africawala, Abdul Hussain Africawala, and Rajabali Africawala, set up the first BSRM steel re-rolling mill of the then East Bengal in Nasirabad, Chittagong. It started its journey with four manual rolling mills. [2][3] In 1970 the manual rolling mills were replaced with the state-of-the-art Italian built rolling mill.

In 1996, the company installed and commissioned their billet casting plant under the name "Meghna Engineering Works Limited".

In 2008, the company built another rolling unit at Fouzdarhat, Chittagong. On 18 January 2009, BSRM was listed with the Dhaka Stock Exchange (DSE) Ltd. and Chittagong Stock Exchange (CSE) Ltd.[4]

Controversy

In May 2019, Bangladesh National Board of Revenue alleged that the company has drawn over USD 13 million from the government falsely claiming locally sold steel products as export goods which violates the duty drawbacks facilities that is only meant for material export.[5]

References
  1. "Company Information - BSRMSTEEL". Archived from the original on 18 January 2017. Retrieved 11 January 2017.
  2. "History of BSRM". Archived from the original on 2013-06-27. Retrieved 2013-06-09.
  3. "A night to recognise business luminaries". 26 June 2011. Retrieved 11 January 2017.
  4. Ria, Aayrin Saleha (2019-03-10). "A Brief History Of BSRM". Future Startup. Retrieved 2019-10-07.
  5. "BSRM draws Tk110cr thru 'false' claims". The Independent. Retrieved 2019-10-07.
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