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balasore alloys ltd (513142) Details

Balasore Alloys Limited primarily engages in producing chrome ore from its mines located in Odisha, India. The company manufactures and sells Ferro alloys of various grades, such as high carbon Ferro chrome and low silicon Ferro chrome. It also operates manganese ore mines in Odisha and Madhya Pradesh. Balasore Alloys Limited also exports its products. The company was formerly known as Ispat Alloys Limited. Balasore Alloys Limited was incorporated in 1984 and is based in Kolkata, India.

620 Employees
Last Reported Date: 05/30/09
Founded in 1984

balasore alloys ltd (513142) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: 14.3M
President, Compliance Officer and Company Sec...
Total Annual Compensation: 2.6M
Chief Financial Officer, Director of Finance,...
Total Annual Compensation: 5.9M
Director of Operations and Whole Time Directo...
Total Annual Compensation: 2.5M
Compensation as of Fiscal Year 2016.

balasore alloys ltd (513142) Key Developments

Balasore Alloys Limited Commences Commercial Production from September 15, 2016 at its Sukinda Unit

Balasore Alloys Ltd. has announced that the company has commenced the commercial production from September 15, 2016 at its Sukinda Unit (acquired from Jabamayee Ferro Alloys Ltd. as a going concern on a slump sale basis) situated at Tehsil Sukinda, Village & Mouza - Nijagarh, P.S. Sukinda, District - Jajpur, Odisha - 755018. The Sukinda Unit of the Company has the installed capacity of production of 15,660 MT per annum.

Balasore Alloys Ltd. Recommends Dividend for the Year Ended March 31, 2016, Payable on and After October 1, 2016

Balasore Alloys Ltd. recommended a dividend of INR 0.60 per share that is 12% on the nominal value for the year ended March 31, 2016, at the annual general meeting to be held on September 28, 2016, the record date for the dividend is September 21, 2016. The proposed dividend is to be paid on and after October 1, 2016.

Balasore Alloys Ltd Appoints Mita Jha as an Additional Director

Balasore Alloys Ltd. has informed that the Board of Directors of the company at its meeting held on August 12, 2016, has approved unanimously the appointment of Ms. Mita Jha, as an Additional Director of the company with effect from August 12, 2016.


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