We are engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”) at our manufacturing facilitysituated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely inconstruction due to their exceptional strength, ductility, and corrosion resistance. (Dun & Bradstreet Report). We conductour business predominantly in the State of Gujarat from where we derived over 98% of our revenues from operations inFiscal 2024. Our revenue from operations in Fiscal 2024 from sale of TMT Bars in the State of Gujarat constitutedapproximately 94% of the total revenue from operations wherein retail sales constituted 80% and institutional salesconstituted 14% of the total revenue from operations. Our revenue from operations also includes sale of scrap, bindingwires and billets which constitutes approximately 6% of the total revenue from operations in Fiscal 2024. We have adiverse customer base of retail and institutional customers primarily based in the State of Gujarat. We have a retail licenceagreement dated November 7, 2022, with Kamdhenu Limited which allows us to market our TMT Bars under the brand‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat on a non-exclusive basis. We sell our TMT Barsto customers through distribution network, on a non-exclusive basis, which comprise of 3 distributors and 227 dealers asof August 31, 2024.
1. Project Name: Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by our Com
Project Cost: 1150
Data not availble
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