Kathmandu. Ashok Steel Industries Pvt. Ltd. has made a turnover of Rs 4.37 billion in the last fiscal year. The company’s business increased by Rs 76.10 crore compared to 2024.

In 2024, the company had a turnover of Rs 3.58 billion. The company’s business is expected to decline in 2024 compared to 2023.

According to the data provided by the company, the company had a turnover of Rs 6.66 billion in 2023. The company has a long-term and short-term debt rating of Rs 3.03 billion.

The company has a rating of Rs 1.39 billion for long-term loan and Rs 1.63 billion for short term loan.

Ashok Steel was established in 2040 Falgun. The company is based in Gadhimai Municipality-10 of Bara district. The industry, which has been pursuing TMT bar production as its main business objective, has been expanding its production and business for more than three decades.

The company has an annual production capacity of 10,000 metric tons of TMT bars. The company also produces MS billets using sponge iron and scrap iron as raw materials. The industry is playing an important role in meeting the demand of the domestic market through the production of quality steel products.