Amreli Steels

Amreli Steels Limited
Trade name	Amreli Steels Limited
Formerly	Amreli Steels (Pvt) Ltd; Amreliwala Hardware Industries;
Company type	Public
Traded as	PSX: ASTL
Industry	Steel
Founded	1972; 52 years ago
Founder	Abbas Akberali (Chairman)
Headquarters	Karachi, Pakistan
Area served	Pakistan
Key people	Shayan Akberali (CEO) Hadi Akberali (COO) Kinza Shayan (Director) Mariam Akberali (Director)
Products	Rebar
Revenue	Rs. 39.218 billion (US$140 million) (2021)
Net income	Rs. 1.36 billion (US$4.7 million) (2021)
Website	www.amrelisteels.com

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

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]^[10]

In 2018, the company established a new production facility in Dhabeji with a 400,000 tonnes capacity.^[11]^[12] 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]^[10]

Financial Performance

Amreli Steels’ posted Rs1.1 billion total loss for the fiscal year 2020, which resulted in Rs 3.79 loss per share.^[13]

References

^ "Financials". Pakistan Stock Exchange Limited. ASTL. Retrieved 13 October 2018.
^ ^a ^b OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
^ ^a ^b "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
^ "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
^ ^a ^b "ASTL Annual Report 2021" (PDF). amrelisteels.com. Retrieved 24 March 2022.
^ "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
^ ^a ^b "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
^ ^a ^b Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
^ ^a ^b Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
^ "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
^ Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
^ Profit (2020-09-19). "Amreli Steels posts first annual loss in a decade". Profit by Pakistan Today. Retrieved 2020-09-24.

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[1] "Financials". Pakistan Stock Exchange Limited. ASTL. Retrieved 13 October 2018.

[oecd2011steel-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.

[nation21Apr17-4] "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.

[ExpTrib29Aug17-5] "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.

[AR-6] "ASTL Annual Report 2021" (PDF). amrelisteels.com. Retrieved 24 March 2022.

[7] "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.

[amrelisteels.com-8] "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.

[Zaheer_2017-9] Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.

[auto-10] Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.

[ExpTrib13Sep18-11] "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.

[12] Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.

[13] Profit (2020-09-19). "Amreli Steels posts first annual loss in a decade". Profit by Pakistan Today. Retrieved 2020-09-24.

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Trade name	Amreli Steels Limited^[1]
Formerly	Amreli Steels (Pvt) Ltd Amreliwala Hardware Industries^[2]
Company type	Public
Traded as	PSX: ASTL
Industry	Steel
Founded	1972; 52 years ago (1972)
Founder	Abbas Akberali (Chairman)^[3]
Headquarters	Karachi, Pakistan
Area served	Pakistan
Key people	Shayan Akberali (CEO)^[4] Hadi Akberali (COO) Kinza Shayan (Director) Mariam Akberali (Director)
Products	Rebar^[5]
Revenue	Rs. 39.218 billion (US$140 million) (2021)^[6]
Net income	Rs. 1.36 billion (US$4.7 million) (2021)^[6]
Website	www.amrelisteels.com