Ankit Metal & Power ltd is engaged in the business of iron and steel. Company has its own captive power plant, saving the company’s power cost considerably. AMPL mainly manufactures intermediate iron and steel products like sponge iron, billets, M.S. Ingots and Pellets as well as finished products tube metal temperature (TMT) bars. The company usually exports its products to Philippines, Thailand, Sri Lanka, Italy, Greece and Korea.AMPL's presence in the production of finished products like TMT Bar would append another competitive edge against its competitors. Government thrust on infrastructure creation in its 12th Five year plan (2013-17) has allocated USD 911 billion towards core infrastructure creation. This would boost the construction activity in the country which would generate demand for AMPL’s products (TMT Bar).AMPL has installed captive power plant for their DRI plant, thus reducing the power cost substantially for the company. Company has a long term coal supply contract with Coal India ltd, which ensures long term availability of coal without hindering the production of power. Apart from that, AMPL also adopting latest technology like Waste heat recovery process to reduce their dependability on coal.......Buy for long term .
No comments:
Post a Comment