Disclosure under regulation 30 of SEBI LODR- Commencement of Commercial Production
BEEKAY · price
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Beekay Steel Industries has started commercial production at its newly acquired Cuttack Unit (formerly Maheshwari Ispat Ltd assets) in Odisha on 8 September 2025. The unit will manufacture Billets (1,30,000 MTPA), TMT Bars (1,80,000 MTPA), Silico Manganese (15,000 MTPA), and a 14 MW captive power plant via AFBC. Combined steel-making capacity adds up to over 3,10,000 metric tonnes per year. All output is targeted at the domestic market. This completes the operationalisation of the acquired assets, expanding the company's steel and ferro-alloys footprint into eastern India.
Positive for shareholders — meaningful capacity addition (~3.1 lakh MTPA of steel plus ferro alloys and captive power) diversifies Beekay's production base and could drive revenue and margin growth from FY26 onward, though execution and ramp-up risks remain.