Unison Metals Ltd adds Special Grades in Stainless Steel Melting Division

Unison Metals Limited is excited to announce addition of special grades in wholly owned subsidiary name Chandanpani Limited. Specifically focusing on 300 and 400 series grade family, the company plans to utilize existing facilities for these special grades.

This strategic expansion marks a significant milestone in our growth journey, allowing us to diversify our product offerings and strengthen our position in the stainless-steel industry. Grades 304 and 316 are among the most widely used stainless steels, known for their excellent corrosion resistance, durability, and versatility across various industrial applications.

Our new division is equipped with state-of-the-art melting technology and led by a team of experienced metallurgists and engineers to ensure top-tier product quality and efficiency. We aim to serve a wide range of sectors including construction, automotive, food processing, oil & gas, pharmaceuticals, pump & valve industry and chemical industries. This addition in grades will also enable the company to reach global market with these products for mentioned engineering applications.

These special grades are set to increase the topline by 50% approximately YoY resulting in higher PAT by almost 25% YoY.

We look forward to collaborating with our clients and partners in this new venture and delivering stainless steel solutions that meet the highest standards.

Shares of Unison Metals Ltd was last trading in BSE at Rs. 20.45 as compared to the previous close of Rs. 21.01. The total number of shares traded during the day was 763538 in over 1931 trades.

The stock hit an intraday high of Rs. 21.48 and intraday low of 19.90. The net turnover during the day was Rs. 15867944.00.

Source : Equity Bulls

Keywords

UnisonMetals INE099D01018 Chandanpani SpecialGrades StainlessSteel MeltingDivision