Beekay Steel Industries Ltd. Company Profile:Products,Promoters and Clients
Beekay Steel Industries Ltd. Company Description
Incorporated in India on March 28, 1981, Beekay Steel manufactures a variety of steel products, including thermomechanical treatment (TMT) bars, hot rolled sections, bright bars, structurals, and machined bars. They offer both standard and customized sections like round and square bars.
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Q1.What are the Products and Service offerings of Beekay Steel Industries Ltd?
Business Segments:
- Proprietary Business (88%): This includes the retail sales of TMT bars and automotive/engineering steel.
- Non-Proprietary Business (12%): This involves a conversion arrangement for a major steel industry principal.
Manufacturing Capacity: As of March 31, 2022, Beekay Steel had a production capacity of 232,000 MTPA for rolled bars, 28,000 MTPA for bright bars, and 500,000 MTPA for TMT bars.
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Q2.Who are the Promoters of the Company?
Mr. Suresh Chand Bansal is Executive Chairman of the Company and has been a major part of the company and having huge experience in the field.His Contribution towards has been immense and a major contribution to the firm.
Q3.Who are the Clients of the Company?
Retail Presence: The company expanded its retail presence for TMT bars throughout Andhra Pradesh, covering all districts. It also acquired branches in five major Indian cities to engage directly with retail automotive and special steel customers.
Geographical Presence: Beekay Steel distributes its products across western, southern, and eastern India, with over 60% of its revenue in FY22 coming from southern India.
Clientele: The company’s clients include major corporations like Tata International, BALCO, Amtek Group, BHEL, Tata Steel, L&T, Raymonds, Hindalco, Amalgamations Group, and Vedanta. Notably, Tata Steel Limited group entities accounted for about 21% of its revenues in FY21.
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(By Medhansh Bairaria)