The Company has commenced operations with the 6 plants and many more under process
Awaiting price reaction for this filing.
Ashiana Ispat has begun producing its TMT bars under the 'AL KAMDHENU GOLD' brand through 6 contract manufacturing partners across 6 Indian states (Himachal Pradesh, Jammu & Kashmir, Goa, Karnataka, Punjab, and Rajasthan). The expansion has been triggered by a sharp rise in orders for the brand. All 6 partner entities have already started operations, and the company says more such arrangements are in the pipeline. Notably, this is an asset-light model — the company is using service agreements with independent manufacturers rather than building its own plants. The company had previously disclosed these strategic manufacturing arrangements on April 30, 2025.
Positive development for shareholders as it signals faster scaling of production capacity to capture rising demand without heavy capital expenditure. Investors should track future updates on additional partnerships and whether the model delivers on volume and margin growth.