BSRM
Type | Public |
---|---|
DSE: BSRMSTEEL CSE: BSRMSTEEL | |
Industry | Engineering |
Genre | Steel Iron |
Founded | 1952 |
Headquarters | Sadarghat Road, , |
Area served | Worldwide |
Key people | Alihussain Akberali (Chairman)
Aameir Alihussain (Managing Director) Zohair Taherali (Director) |
Products | Steel
Long steel products Structural steel Wire products Steel casing pipes Household goods |
Production output | 1.6 million MT (2019) |
Revenue | US$1.56 billion (2018) |
Total assets | Tk 13,466 Crore (US$1.6 billion) (2018) |
Subsidiaries | BSRM (Hong Kong) |
The Bangladesh Steel Re-Rolling Mills Ltd., commonly known as BSRM, is a Bangladeshi steel manufacturing company based in Chittagong.[1] It is the largest construction steel manufacturer company in Bangladesh.
History[]
In 1952, five Indian businessman named Akberali Africawala, Alibhai Africawala, Taherali Africawala, Abdul Hussain Africawala, and Rajabali Africawala, set up the first BSRM steel re-rolling mill of the then East Bengal in Nasirabad, Chittagong. It started its journey with four manual rolling mills.[2][3] In 1970 the manual rolling mills were replaced with the state-of-the-art Italian built rolling mill.
In 1996, the company installed and commissioned their billet casting plant under the name "Meghna Engineering Works Limited".
In July 2002, BSRM Group incorporated a new company, BSRM Steels Ltd, to fund and operate a turnkey re-rolling mill from Italian supplier Danieli.[4] Construction of the plant began in 2005[5] on 11 acres just off the Dhaka-Chittaong Highway at Latifpur in Fouzderhat, Chittagong. It was completed at a cost of 3.7 billion Bangladeshi taka (equivalent to $54 million in 2008). The facility began commercial operation in April 2008 with an annual production capacity of 375,000 metric tons.[6] On 18 January 2009, BSRM Steels Ltd was listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.[1] As of 2019, holding company BSRM Ltd retained about 45% of the shares in BSRM Steels Ltd.[7]
BSRM has a subsidiary in Hong Kong named BSRM (Hong Kong) Limited.[8]
References[]
- ^ a b "BSRMSTEEL". Chittagong Stock Exchange. Retrieved 27 May 2021.
- ^ "History of BSRM". Archived from the original on 2013-06-27. Retrieved 2013-06-09.
- ^ "A night to recognise business luminaries". The Daily Star. 26 June 2011. Retrieved 11 January 2017.
- ^ "Prospectus of BSRM Steels Limited" (PDF). Bangladesh Securities and Exchange Commission. Retrieved 27 May 2021.
- ^ Raihan, Selim; Eusuf, Abu (2008). "Growth of Private Business Houses in Dhaka after 1971". In Hassan, Delwar (ed.). Commercial History of Dhaka. Dhaka Chamber of Commerce and Industry. p. 136.
- ^ Akter, Sayeda (5 July 2011). "Steely nerves". The Daily Star.
- ^ "Merger between BSRML and BSRM Steel Mills in the offing". The Financial Express. Dhaka. 18 September 2019.
- ^ "BSRM to set up subsidiary company in Hong Kong". The Financial Express. Dhaka. 10 June 2018. Retrieved 22 November 2020.
External links[]
- Manufacturing companies established in 1952
- Companies based in Chittagong
- Steel companies of Bangladesh
- Companies listed on the Chittagong Stock Exchange
- Bangladeshi brands