Ankit Metal & Power Ltd. Stock Analysis ANKITMETAL.NS

Ankit Metal & Power Ltd. engages in the manufacturing of iron and steel products. The firm is engaged in manufacturing of iron ore pellets, sponge iron, MS billets, re-rolled products with a captive power plant (CPP). The firm's integrated steel plant produces 100,000 million tons per annum (MTPA) of rolled products comprising of TMT Bars, Sponge Iron, Steel Melting Shop, Pig Iron, Ferro Silicon, M.S. billets, Billets, and Rolling Mill along with a 12.5-megawatt (MW) Captive Power Plant. The company also produces wire rods and other rolled products. Its products are used in bridges, flyovers, high-rise buildings, and even in areas of high humidity, cyclone-prone areas, and seismic-prone areas. The firm's products also serve real estate developers, construction units, forging units, wire drawing units, railways, and engineering industries. The firm also generates power from Captive Power Plant.