"making an eternal impact"
AGNI STEELS SA is the joint venture of AGNI STEELS (INDIA) and AFRO ASIA EMPOWERMENT HOLDINGS with a vision to make betterment of the Scrap business by adding value to the scraps being consumed in domestic and exported to global markets.
About AGNI STEELS (INDIA)
AGNI STEEL (INDIA) is one of the quality steel manufacturer in India, producing ISI certified TMT steel rods. With more than 20 years of experience in the industry, the company has an excellent reputation for the quality of the products under the brand name AGNI TMT.
About AFRO ASIA EMPOWERMENT HOLDINGS (AAEH)
AAEH is a well-known set-up at Nelson Mandela Bay BEE consortium. With years of experience in scrap trading, AAEH has a potential graph in the global market.
Coega Development Corporation has opened new fortunes into the field of steel industry, with AGNI STEELS SA implanted at the Coega industrial development zone (IDZ). This establishment of steel industry at Coega has enabled the manufacture of steel billets and reinforced steel, thereby creating indirect employment in other industries.
Stakes and Shares
This alliance has proposed financial claims, wherein the Industrial Development Corporation will hold 10% stake and furthermore, the revenue is also shared with the workers' trust.