Neelachal Ispat Nigam Ltd

Produces iron and steel with own power and ore mines.

1982 | Khorda, Odisha (India) | Active
Last Updated: November 16, 2024

Neelachal Ispat Nigam Profile

Key Indicators

  • Authorised Capital ₹ 12,200.00 Cr
  • Paid Up Capital ₹ 5,926.26 Cr
  • Company Age 42 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 765.55 Cr
  • Satisfied Charges ₹ 6,753.24 Cr
  • Revenue Growth 557.45%
  • Profit Growth -10.03%
  • Ebitda -232.45%
  • Net Worth 56.56%
  • Total Assets 5.75%

About Neelachal Ispat Nigam

Neelachal Ispat Nigam Ltd (NINL) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 March 1982 and has a history of 42 years and ten months. Its registered office is in Khorda, Odisha, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 12,200.00 Cr and a paid-up capital of Rs 5,926.26 Cr.

The company currently has active open charges totaling ₹765.55 Cr. The company has closed loans amounting to ₹6,753.24 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Neelachal Ispat Nigam Ltd India are Sanjib Ghose as Cfo, Sudhir Mehta as Ceo, and Sankar Bhattacharya as Company Secretary. Koushik Chatterjee, Srikumar Menon, Ansuman Das, and Five other members serve as directors at the Company.

Company Details

  • Location

    Khorda, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109OR1982PLC001050

  • Company No.

    001050

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Mar 1982

  • Date of AGM

    10 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Cuttack

Industry

Metals and Minerals

What products or services does Neelachal Ispat Nigam Ltd offer?

Neelachal Ispat Nigam Ltd offers a wide range of products and services, including Industrial Furnaces & Ovens, Heating Furnace.

Who are the key members and board of directors at Neelachal Ispat Nigam?

Executive Team (3)

NameDesignationAppointment DateStatus
Sudhir Mehta Country flag representing In Managing Director04-Jul-2022Current
Sanjib Ghose CFO04-Jul-2022Current
Sankar Bhattacharya Country flag representing In Company Secretary17-May-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
Narendran Thachat Country flag representing In Director 04-Jul-2022Current
Koushik Chatterjee Country flag representing In Director 04-Jul-2022Current
Atrayee Sanyal Country flag representing In Director 04-Jul-2022Current
Srikumar Menon Country flag representing In Director 04-Jul-2022Current
Ansuman Das Country flag representing In Director 04-Jul-2022Current
Rajiv Kumar Country flag representing In Director 04-Jul-2022Current

Financial Performance of Neelachal Ispat Nigam.

Neelachal Ispat Nigam Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 557.45% increase. The company also saw a substantial fall in profitability, with a 10.03% decrease in profit. The company's net worth Soared by an impressive increase of 56.56%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
557.45%
Revenue from Operations
541.42%
Total Assets
5.75%
Profit or Loss
-10.03%
Net Worth
56.56%
EBITDA
-232.45%

What is the Ownership and Shareholding Structure of Neelachal Ispat Nigam?

In 2023, Neelachal Ispat Nigam had a promoter holding of 97.92% and a public holding of 2.09%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹765.55 Cr

Satisfied Charges

₹6,753.24 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 510.00 Cr
  • Industrial Developmeant Bank Of India : 75.00 Cr
  • Industerial Developoment Bank Of India : 70.00 Cr
  • Industrial Development Bank Of India : 35.50 Cr
  • Ifci Limited : 26.00 Cr
  • Others : 49.05 Cr

Latest Charge Details

DateLenderAmountStatus
06 Jul 2022Axis Bank Limited₹510.00 CrOpen
18 Sep 2002Industrial Developmeant Bank Of India₹75.00 CrOpen
27 Mar 2002Ifci Limited₹26.00 CrOpen
12 Oct 1999Liffe Insurande Corporation Of India₹15.00 CrOpen
03 Jul 1998Industerial Developoment Bank Of India₹70.00 CrOpen

How Many Employees Work at Neelachal Ispat Nigam?

Neelachal Ispat Nigam has a workforce of 1299 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Neelachal Ispat Nigam, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Neelachal Ispat Nigam's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Neelachal Ispat Nigam

Recent activity within the organization

  • Annual General Meeting

    Neelachal Ispat Nigam Ltd last Annual general meeting of members was held on 10 Sep 2024 as per latest MCA records.

    10 Sep 2024

  • Director Appointment

    Sankar Bhattacharya was appointed as a Company Secretary was appointed as a Company Secretary on 17 May 2024 & has been associated with this company since 8 months 15 days .

    17 May 2024

  • Balance Sheet

    Neelachal Ispat Nigam Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.

    31 Mar 2024

  • Charges

    A charge registered on 12 Nov 2018 via Charge ID 100220665 with State Bank Of India was fully satisfied on 04 Apr 2023.

    04 Apr 2023

  • Charges

    A charge registered on 30 Jun 2015 via Charge ID 10581767 with State Bank Of India was fully satisfied on 04 Apr 2023.

    04 Apr 2023

  • Charges

    A charge registered on 30 Jun 2015 via Charge ID 10582125 with State Bank Of India was fully satisfied on 04 Apr 2023.

    04 Apr 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Neelachal Ispat Nigam Ltd was incorporated on 27 Mar 1982.

  • The authorized share capital of Neelachal Ispat Nigam Ltd is ₹ 12,200.00 Cr and paid-up capital is ₹ 5,926.26 Cr.

  • Currently 11 directors are associated with Neelachal Ispat Nigam Ltd.

    • Koushik Chatterjee
    • Srikumar Menon
    • Ansuman Das
    • Narendran Viswanath Thachat
    • Rajiv Kumar
    • Atrayee Sanyal
    • Ashish Anupam
    • Sudhir Kumar Mehta
    • Sanjib Kumar Ghose
    • Sudhir Kumar Mehta
    • Sankar Bhattacharya
  • As per Ministry of Corporate Affairs (Mca), the registered address of Neelachal Ispat Nigam Ltd is Samabaya Bhawan 4Th Floor Unit 9, Janpath India, Bhubaneswar, Orissa, 751022.

  • The corporate identification number (CIN) of Neelachal Ispat Nigam Ltd is U27109OR1982PLC001050 and the company number is 001050 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Neelachal Ispat Nigam Ltd is https://www.ninl.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Neelachal Ispat Nigam Ltd has risen by 557.45%.

  • As Per 2023 financial reports, 1299 employees are currently employed by Neelachal Ispat Nigam Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Neelachal Ispat Nigam Ltd has experienced an upsurge of 56.56%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Neelachal Ispat Nigam Ltd amount to ₹ 765.55 Cr.

  • The most recent Balance Sheet for Neelachal Ispat Nigam Ltd was filed with the ROC on 31 Mar 2024.

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