Amreli Steels Explained

Amreli Steels Limited
Trade Name:	Amreli Steels Limited
Type:	Public
Founder:	Abbas Akberali
Area Served:	Pakistan
Key People:	Shayan Akberali (CEO) Hadi Akberali (COO)
Industry:	Steel
Products:	Rebar
Revenue:	(2021)
Net Income:	(2021)
Location:	Karachi, Pakistan

Amreli Steels Limited (ur|امریلی اسٹیلز) is a Pakistani steel rebars manufacturer headquartered in Karachi.^{[1] [2]}

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.^{[3] [4]}

As of 2013, Amreli's production capacity was estimated to be 150,000 tonnes,^[5] 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.^[7]

Notes and References

1. Web site: Amreli Steels okays expansion in melting capacity. April 21, 2017. The Nation.
2. News: Amreli Steels' profit slides 16%. . 29 August 2017. The Express Tribune. Karachi, Pakistan.
3. Web site: Scions of steel. Anusha. Zahid. February 21, 2019. Aurora Magazine.
4. Web site: Corporate History - Amreli Steels Limited. amrelisteels.com. 2018-01-03. https://web.archive.org/web/20180104013741/http://amrelisteels.com/corporate-history/. 2018-01-04. dead.
5. Book: OECD . Developments in Steelmaking Capacity of Non-OECD Economies 2013 . OECD Publishing . 2014 . 9789264194380 . 893648930 . Google Books . 347 .
6. News: Amreli Steels announces joint venture with Chinese company. Zaheer. Farhan. 21 November 2017. The Express Tribune. Karachi, Pakistan.
7. Web site: Steel is the unchallenged king. Dilawar. Hussain. November 2, 2015. DAWN.COM.
8. News: Amreli Steels reports 48% surge in profit for FY18 . . 13 September 2018 . The Express Tribune . Karachi, Pakistan .
9. Web site: Expanding to beat competition. Dilawar. Hussain. December 5, 2016. DAWN.COM.
10. News: Amreli Steels okays expansion in melting capacity. . 21 April 2017. The Nation. Nawaiwaqt Group.