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Amreli Steels Limited

Trade name	Amreli Steels Limited
Formerly	Amreli Steels (Pvt) Ltd Amreliwala Hardware Industries^[1]
Company type	Public
Traded as	PSX: ASTL
Industry	Steel
Founded	1972; 52 years ago (1972)
Founder	Abbas Akberali
Headquarters	Karachi, Pakistan
Area served	Pakistan
Key people	Shayan Akberali (CEO) Hadi Akberali (COO)
Products	Rebar
Revenue	Rs. 39.218 billion (US$140 million) (2021)
Net income	Rs. 1.36 billion (US$4.7 million) (2021)
Website	amrelisteels.com

Amreli Steels Limited (Urdu: امریلی اسٹیلز) is a Pakistani steel rebars manufacturer headquartered in Karachi.^[2]^[3]

History

Amreli Steels was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan.^[4]^[5]

As of 2013, Amreli's production capacity was estimated to be 150,000 tonnes,^[1] which by 2017 had increased to 180,000 tonnes.^[6]^[7]

In 2018, Amreli established a new production facility in Dhabeji with a 400,000 tonnes capacity.^[8]^[9] A strategic goal of the firm has been to be the first Pakistani company to reach annual production of 1 million tonnes of rebar product.^[10]

Amreli transitioned from a private to public firm in 2015, when it was listed on the Pakistan Stock Exchange following an initial public offering in October 2015.^[6]^[7]

References

^ ^a ^b OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
^ "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
^ "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
^ "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
^ ^a ^b Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
^ ^a ^b Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
^ "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
^ Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
^ "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.

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