Adishakti Loha and Ispat is engaged in the business of trading in metals with its core focus on trading in Iron and Steel. Initially the company was incorporated with the object of managing, undertaking, carrying on and engaging in the business of Real Estate Development, Land Development and associated activities. The company altered the main object clause of its Memorandum of Association vide shareholders resolution dated June 10, 2019, to enable it to pursue the business of trading in metals. The company operates as an intermediary to its customers. It is currently serving the corporate and other clients. It works on a B2B model and the procurement of goods is carried out by it on order basis, owing to which it does not maintain any inventory as the goods are supplied directly from supplier to its customer.

Business area of the company

The company is engaged in the business of trading in metals with its core focus on trading in Iron and Steel.

Major events

• 2015: Incorporated as Private Limited Company under the Companies Act, 2013 in the name of ‘Aawas Infratech’.
• 2019: Alteration of the Main Object Clause of the Company to permit the Company to carry on the activities pertaining to trading in Iron and Steel.
• 2019: Change in name of the Company from ‘Aawas Infratech Private Limited’ to ‘Adishakti Loha and Ispat Private Limited’.2020: Rights Issue of 27,28,000 Equity Shares by the Company.
• 2020: Conversion of the Company from Private Limited to Public Limited and subsequent change in name of the Company by deletion of the word Private therefrom.