Amreli Steels

Amreli Steels Limited is a publicly held Pakistani company which manufactures steel rebars. It is based in Karachi, Pakistan.

History
It was founded in 1972 by Abbas Akberali and is named after Amreli District, Gujarat, India from where their ancestors migrated to Pakistan.

As of 2013, the company's production capacity was estimated to be 150,000 tonnes, which by 2017 had increased to 180,000 tonnes.

In 2018, the company established a new production facility in Dhabeji with a 400,000 tonnes capacity. 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.

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.

Financial Performance
Amreli Steels’ posted Rs1.1 billion total loss for the fiscal year 2020, which resulted in Rs 3.79 loss per share.