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balasore alloys ltd (513142) Snapshot

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balasore alloys ltd (513142) Details

Balasore Alloys Limited engages in mining chrome, iron, and manganese ores in India. The company is involved in the manufacturing/mining and selling of Ferro alloys of various grades, such as carbon and silicon Ferro chrome for metallurgical, chemical, and refractory and foundry industries. It also trades in various allied products, such as coke, chrome ore lumpy, etc. 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, D...
Total Annual Compensation: 14.4M
President, Compliance Officer and Company Sec...
Total Annual Compensation: 1.9M
Chief Financial Officer, Director of Finance,...
Total Annual Compensation: 5.7M
Director of Operations and Wholetime Director
Total Annual Compensation: 2.1M
Compensation as of Fiscal Year 2015.

balasore alloys ltd (513142) Key Developments

Balasore Alloys Limited Adopts New Set of Article of Association

Balasore Alloys Limited at its AGM held on September 29, 2015, has approved to replace the existing Article of Association of the company with new set of Article of Association and approve and adopt the new Article of Association of the company in place of the existing Articles.

Balasore Alloys Ltd Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2015

Balasore Alloys Ltd. reported unaudited earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 2,104.372 million against INR 1,971.044 million for the same period previous year. Profit from operations before other income and finance costs was INR 204.256 million against INR 246.368 million for the same period of previous year. Profit from ordinary activities before tax was INR 132.680 million against INR 194.961 million for the same period of previous year. Net profit was INR 95.197 million or INR 1.34 per diluted share compared to INR 112.810 million or INR 1.62 per diluted share for the same period of previous year.

Balasore Alloys Limited, Annual General Meeting, Sep 29, 2015

Balasore Alloys Limited, Annual General Meeting, Sep 29, 2015., at 09:30 Indian Standard Time. Location: Balgopalpur-756020,Dist.Balasore. Agenda: To consider the audited financial statement of the company for the financial year ended March 31, 2015; to declare a dividend on equity shares; to consider the appointment of directors; to appoint auditors and fix their remuneration; to consider the adoption of new articles of association of the company containing articles and conformity with the company’s Act, 2013; and to consider the other business matters.


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