The Company was incorporated as "Sagardeep Alloyes Private Limited" on February 13, 2007 under the Companies Act, 1956 with a Certificate of Incorporation issued by Registrar of Companies, Gujarat, at Ahmedabad. The name of the Company was changed & modified to Sagardeep Alloys Private Limited and fresh Certificate of Incorporation was issued by Registrar of Companies on June 25, 2009. Thereafter, once again a fresh Certificate of Incorporation, consequent upon change of name on conversion of the company to Public Limited Company in the name of the "Sagardeep Alloys Limited" was granted by ROC on April 17, 2012. At present, the Company is engaged in the business of manufacturing and trading in copper pipes, flats, coils, rods, plates and copper alloys consumables and trading of ferrous and non ferrous metals and alloys.
The Company is the umbrella brand of Sagardeep Metals, established in 1972 and promoted by Mr. Asmal Mehta. The Company is a trusted and reputed manufacturer of copper alloys consumables, copper pipes and tubes, copper flats, copper coils, copper rods, copper anodes, copper nuggets and copper plates and also trades in stainless steel sheets / coils, rods. The production unit (Yard) is well equipped with for high quality products. The manufacturing facility of the Company is able to produce various types of copper and copper alloy products like sheets, pipes, tubes, copper & brass scrap, section, bus bar etc, in India and all over the world.
The Company`s clients are supplying to few well know companies and that has enabled the company to exhibit the traits of good quality, precise adherence to global standards and maintaining of a thorough constant update on latest developments in the copper and copper alloy technology. On getting trading opportunity, the Company also does trades in stainless steel pipes, seamless pipes, welded pipes, tubes, sheets, coils, plates, welding electrodes and other similar products.
Apart from increasing the capacity of the present line of products, the Company is also in the process of expanding and has already started commercial production of Copper Sulphate with a production capacity of 25MT/Month and in future will also start production of Ferrous Sulphate. The Company has taken factory land and shed on lease. The Company already produces copper scrap as one of raw material to produce copper sulphate and therefore, it would result in increase in margin of the Company. These products will improve the performance of the Company.
The Company have received the Consent to Commence (CTC) from GPCB to commence the production of these products and started commercial production of Copper Sulphate in the current Financial Year 2021-22 and is as yet to start the production of Ferrous Sulphate. The Company will produce Copper Busbar, Copper Strips, Copper Plates, Coppers Wire to be used in electric cable.
The Company got ISO 9001:2008 certification for "Manufacturing and Supply of Copper Pipes, Tubes, Flats, Coils, Rods, Nuggets, Plates and Copper Alloys Consumables and Trading and Supply of Ferrous and Non Ferrous Metals and Alloys" from BSCIC.
The Company is working to enlarge market reach and expecting the present capacity utilization to increase around 80% in coming years as increase in capacity utilization will improve the profitability of the Company.
During the Financial Year 2020-21, the Company completed the installation work for new plant and machinery at existing factory at Plot No. 2070, Rajnagar Patia, Santej, Khatraj Road, Santej Kalol, Gandhinagar -382721 , which also includes up-gradation of some of existing machinery.
During the Financial Year 2020-21, the Company allotted Bonus Shares on 07th October, 2020, in the ratio of 1:2, to the shareholders holding shares as on 06th October, 2020.