STEEL STRIPS

BRIEF NOTE ON STEEL STRIPS LIMITED Steel Strips Limited was promoted as a Joint sector Company by Shri R K Garg and Punjab Government through Punjab State Industrial Development Corporation Ltd. in the year 1975. This was a flagship Company of the Group for last more than 20 years. The Company's operations were very well managed and Company generated substantial cash profits. The Company diversified its operations and installed a Mini Steel Plant in the Backward State of Himachal Pradesh, as a step towards integration and consolidation of its operations. Further in the year 1990 the Company installed a Modern Light and Medium Structural Rolling Mill with a view to add value to its own steel products by rolling the billets to make Special Alloy Steels for automobile forging industry. The Company was a dividend paying Company till the year 1989. However, due to the liberalization policies of the Government of India adopted in the year 1991, our Company also started facing competition..

Also known as: Steel Strips Ltd.