Amreli Steels
 | |
| Amreli Steels Limited | |
| Formerly |
|
| Type | Public |
| PSX: ASTL | |
| Industry | Steel |
| Founded | 1972 |
| Founder | Abbas Akberali |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Shayan Akberali (CEO) |
| Products | Rebar |
| Revenue |  Rs. 38.775 billion (US$140 million) (2024) |
| Rs. −130.787 million (US$−470,000) (2024) | |
| Rs. −6.106 billion (US$−22 million) (2024) | |
| Total assets |  Rs. 46.839 billion (US$170 million) (2024) |
| Total equity | Rs. 14.226 billion (US$51 million) (2024) |
| Website | amrelisteels |
| Footnotes Financials as of 30 June 2024[2] | |
Amreli Steels Limited (Urdu pronunciation: [əmˈreː.li stiːlz] um-RAY-lee STEELZ) is a Pakistani steel rebar manufacturer which has its headquarters in Karachi.[3][4]
Amreli Steels is publicly listed on the Pakistan Stock Exchange.
History
Amreli Steels was founded in 1972 by Abbas Akberali, and is named after Amreli District, Gujarat, India from where Akberali's ancestors migrated to Pakistan.[5][6]
As of 2013, Amreli's production capacity was estimated to be 150,000 tonnes,[1] which by 2017 had increased to 180,000 tonnes annually .[7][8]
In 2018, Amreli established a new production facility in Dhabeji with a 400,000 tonnes capacity.[9][10] 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.[11]
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.[7][8]
As of 2026, the firm's production capacity is estimated to be 600,000 tonnes, with two factories in the country (in Thatta and Karachi).[12]
Amreli Foundation
The Amreli Foundation, the CSR branch of Amreli Steels, has collaborated with and contributed to many organizations since its inception. The foundation's key initiatives include youth development, equitable healthcare, inclusive society, and resilient nature.[13]
Education
Women's Industrial Home
In 2012, the Amreli Foundation established the Women's Industrial Home in Dhabeji Town, Thatta, with the central aim of providing vocational training to women.[14]
The institute facilitates 200 female students each year, trained by three female employees in stitching and sewing skills.[14]
The Hunar Foundation
The Hunar Foundation (THF) was co-founded by Mr. Abbas Akberali in 2008, with the goal of promoting communcal education and occupational training. The foundation focuses on providing its students with contemporary learning techniques and computational skills.[14]
Since its inception, THF has expanded to 16 institutes across the country, with 2 all-female campuses, and has trained over 38,000 graduates.[15]
The Citizens Foundation Akberali Campus
The Akberali Campus was constructed in Achaar Salaar, Dhabeji in 2010, following a long-standing relationship of the foundation with The Citizen's Foundation.[14]
The construction was funded by the Akberali family and Amreli Steels, who still cover operational costs of the campus. The school provides free-of-cost primary education to almost 200 students annually.[14]
Namal University
The foundation provides sponsorships to 10 students in a 4-year degree program enrolled at Namal University, Mianwali, as an effort to strengthen public-private partnerships and provide students with academic knowledge and skills.[14]
Community
Sirat-ul-Jannah Orphanage
Sirat-ul-Jannah is an orphanage network strives to offer a secure and comfortable home to underprivileged orphan children. The homes, located in Karachi, Islamabad, Murree, and Khanewal, provide the children with lodging, basic necessities, education, and medical services.
The Amreli Foundation makes monthly donations covering food supplies of the 135 children in the Karachi orphanage.[16]
Khana Ghar, Karachi
Amreli Foundation funds Khana Ghar, an organization that aims to provide two daily meals to those in need in Karachi, as an effort to ensure that over 500,000 meals are served each year.[16]
Healthcare
Shaukat Khanum Memorial Cancer Hospital and Research Centre, Karachi
The Amreli Foundation donated steel rebars worth PKR 10 million for the construction of the hospital's branch in DHA City, Karachi, in an effort to fulfil its initiative of 'equitable healthcare.'[17]
References
- 1 2 OECD (2014). Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. p. 347. ISBN 9789264194380. OCLC 893648930 – via Google Books.
- ↑ "Amreli Steels Annual Report 2024". Retrieved 27 April 2025.
- ↑ "Amreli Steels okays expansion in melting capacity". The Nation. April 21, 2017.
- ↑ "Amreli Steels' profit slides 16%". The Express Tribune. Karachi, Pakistan. 29 August 2017.
- ↑ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
- ↑ "Corporate History - Amreli Steels Limited". amrelisteels.com. Archived from the original on 2018-01-04. Retrieved 2018-01-03.
- 1 2 Zaheer, Farhan (21 November 2017). "Amreli Steels announces joint venture with Chinese company". The Express Tribune. Karachi, Pakistan.
- 1 2 Hussain, Dilawar (November 2, 2015). "Steel is the unchallenged king". DAWN.COM.
- ↑ "Amreli Steels reports 48% surge in profit for FY18". The Express Tribune. Karachi, Pakistan. 13 September 2018.
- ↑ Hussain, Dilawar (December 5, 2016). "Expanding to beat competition". DAWN.COM.
- ↑ "Amreli Steels okays expansion in melting capacity". The Nation. Nawaiwaqt Group. 21 April 2017.
- ↑ "RR_1272_15781 _26-Mar-26". www.pacra.com. Retrieved 2026-06-23.
- ↑ "About Us - Amreli Steels". 2025-10-03. Retrieved 2026-06-23.
- 1 2 3 4 5 6 "About Us - Amreli Steels". 2025-10-03. Retrieved 2026-06-23.
- ↑ "THF Impact". The Hunar Foundation. Retrieved 2026-06-23.
- 1 2 "About Us - Amreli Steels". 2025-10-03. Retrieved 2026-06-23.
- ↑ "About Us - Amreli Steels". 2025-10-03. Retrieved 2026-06-23.