Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Premier Steel Limited, a joint venture company backed by Nepal’s prominent business houses—Sharda Group and Rathi Group—recorded a business turnover of NPR 4.41 billion (approximately USD 330 million) in the year 2025, according to the company’s latest financial disclosure. The turnover represents a decline compared to previous fiscal years, signaling tightened domestic demand and increased market competition in Nepal’s steel and construction materials sector.
In the year 2024, the company had posted a turnover of NPR 4.56 billion, while in 2023 the figure stood at NPR 4.07 billion. The company achieved its highest recent turnover in 2022, reaching NPR 5.84 billion. Despite fluctuating performance, Premier Steel remains one of the major players in Nepal’s industrial and construction raw materials market.
Established on August 1, 2016, Premier Steel transitioned into a public structure as Premier Steel Limited in 2023. The company has significant investment participation from Sharda Group’s industrial entrepreneur Shivratan Sharda and Rathi Group’s industrial figure Birendra Rathi. As of mid-July 2025, shareholders Birendra Rathi and Pradeep Kumar Sharda each hold an 11% stake in the company, while the remaining shares are held by other investors.
Premier Steel operates a production facility in Duhabi, Sunsari, equipped with an annual production capacity of 180,000 tons of TMT bars and 120,000 tons of billets. The company manufactures GI wire, gabion boxes, ACSR conductors, PVC cables, copper conductors, and a range of steel-based industrial and construction products, supplying infrastructure, hydropower, highway construction, and real estate sectors across Nepal.
Credit rating agency Infomerics has assigned the company a ‘Double B Minus’ rating for long-term loans and an ‘A4’ rating for short-term debt obligations. Premier Steel currently owes NPR 4.73 billion to banks and financial institutions, including NPR 1.56 billion in long-term loans and NPR 3.17 billion in working capital loans.
Industry analysts indicate that Nepal’s steel and construction material companies have been facing market pressure due to decreased real estate activity, slowed infrastructure execution, and rising production costs driven by imports of raw materials and fluctuating energy prices.
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
