ASI Industries Incorporates Steel & Energy Subsidiary

ASI Industries Ltd has announced the incorporation of its new subsidiary, ASI Steel & Energy Limited, in Mumbai, Maharashtra, on June 26, 2026. The subsidiary is established to explore opportunities in the Iron & Steel industry, specifically for setting up a TMT steel plant. This move diversifies ASI Industries' business beyond its core mining and processing of Kotah Stone, aiming to capitalize on the growing infrastructure sector and demand for steel products. ASI Industries holds a 75% equity stake in the new entity, with the remaining 25% held by promoters and promoter group members. The initial investment is up to ₹7,50,000.