Amreli Steels Limited () is a publicly held Pakistani company which manufactures

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

rebar Rebar (short for reinforcing bar), known when massed as reinforcing steel or reinforcement steel, is a steel bar used as a Tension (physics), tension device in reinforced concrete and reinforced masonry structures to strengthen and aid the concr ...

s. It is based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

, Pakistan.

History

It was founded in 1972 by Abbas Akberali and is named after

Amreli District Amreli district is one of the 33 administrative districts of the state of Gujarat in western India. The district headquarters are located at Amreli. The district occupies an area of 6,760 km2 and has a population of 1,514,190 of which 22.45 ...

, Gujarat, India from where their ancestors migrated to Pakistan. As of 2013, the company's production capacity was estimated to be 150,000

tonne The tonne ( or ; symbol: t) is a unit of mass equal to 1000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...

s, which by 2017 had increased to 180,000 tonnes. In 2018, the company established a new production facility in

Dhabeji Dhabeji ( Sindhi: ڌاٻيجي, also known as Dhabeji Station), is a town and union council of Mirpur Sakro tehsil, Thatta District, Pakistan. It was previously in Thatta District, Sindh. References 2.Cambridge History of India, Volume , , , ...

with a 400,000 tonnes capacity. A strategic goal of the firm has been to be the first Pakistani company to reach annual production of 1 million tonnes of

product. Amreli transitioned from a private to public firm in 2015, when it was listed on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on 11 ...

following an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in October 2015.

Financial Performance

Amreli Steels’ posted Rs1.1 billion total loss for the fiscal year 2020, which resulted in Rs 3.79 loss per share.

References

Steel companies of Pakistan Manufacturing companies established in 1972 Manufacturing companies based in Karachi Pakistani brands Companies listed on the Pakistan Stock Exchange 2015 initial public offerings Pakistani companies established in 1972 {{Pakistan-company-stub