You are here » Home » Companies » Company Overview » Anant Raj Ltd

Anant Raj Ltd.

BSE: 515055 Sector: Infrastructure
NSE: ANANTRAJ ISIN Code: INE242C01024
BSE LIVE 09:42 | 24 Mar 48.40 0.30
(0.62%)
OPEN

48.50

HIGH

48.60

LOW

48.25

NSE LIVE 09:42 | 24 Mar 48.30 0.20
(0.42%)
OPEN

48.35

HIGH

48.75

LOW

48.20

OPEN 48.50
PREVIOUS CLOSE 48.10
VOLUME 10403
52-Week high 65.30
52-Week low 31.40
P/E 27.19
Mkt Cap.(Rs cr) 1428.28
Buy Price 48.30
Buy Qty 100.00
Sell Price 48.40
Sell Qty 149.00
OPEN 48.50
CLOSE 48.10
VOLUME 10403
52-Week high 65.30
52-Week low 31.40
P/E 27.19
Mkt Cap.(Rs cr) 1428.28
Buy Price 48.30
Buy Qty 100.00
Sell Price 48.40
Sell Qty 149.00

Anant Raj Ltd. (ANANTRAJ) - Company History

Anant Raj Industries Ltd is one of the leading copnstruction and infrastructure developers in North Capital Region (NCR). Their name has become synonymous with the highest quality, excellence and innovation in the field of real estate development. The company manufactures ceramic wall and floor tiles in plain, colour and decorative types. The manufacturing facilities is located at Rewari in Haryana. The company is also in the process of building Special Economic Zones (SEZ), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects. Anant Raj Industries was incorporated on July 30, 1985 as Anant Raj Clay Products and was promoted by Anil Sarin, Ashok Sarin, M L Bhasin, H L Bhasin and the Haryana State Industrial Development Corporation (HSIDC). In the year 1989, the company commenced design, manufacture and sales of ceramic tiles under the brand name 'Romano'. In the year 1997, the company expanded the production capacity from 3500 to 8000 sq mtr per day by adding imported equipment. During the year 2002-03, the company increased the production capacity of Ceramic Tiles by 12000 MT to 36000 MT and they further increased the capacity by 27000 MT during the year 2005-06. Thus the total production capacity has increased to 63000 MT. In the year 2005, the company entered into the new emerging business opportunities in real estate development. In the order to achieve forward integration of ceramic tiles business and economies of scale in their operation enhance shareholders value, the company decided to consolidate their construction and development business into Anant Raj Industries Ltd. So, group companies carrying on the similar business of construction and development were acquired on three phases. In the first phase, five group companies which are engaged in development of Hospitality, IT Parks and Service Apartments merged with the company with effect from April 1, 2005. The five group companies are Kalinga Meadows Ltd, Sarvodya Builders Pvt Ltd, B T Estates Pvt Ltd, Camation Buildcon Pvt Ltd and elegant Buildtech Pvt Ltd. In the second phase, three group companies namely Grand meadows Ltd, Papillon Estates Ltd and Roseview Estates Pvt Ltd were amalgamated with the company and the company take over the business of Bhasin Resorts Pvt Ltd effective from April 1, 2006. In the third phase, twelve group companies namely Anant Raj Export Pvt Ltd, Greenwood Promoters Pvt Ltd, Jasmine Promoters Pvt Ltd, Mayur Buildtech Pvt Ltd, Northland Estates Pvt Ltd, Parkland Promoters Pvt Ltd, Rockfield Buildtech Pvt Ltd, Springdales Estates Pvt Ltd, Sunrise Buildtech Pvt Ltd, Victor Promoters Pvt Ltd, West Land Buildtech Pvt Ltd and Anant Raj Agencies Pvt Ltd were merged with the company effective from January 1, 2007. The company made a joint venture agreement with several companies. The company signed a joint venture with Althoff Hotels, a German company operates Business and Boutique Hotels to run a Boutique Hotel in South Delhi. They made a joint venture agreement with Atkiens Spence to operate the hotel projects at South Delhi and Manesar in Haryana. In this, the first hotel namely Romano Retreat was started in April 2008 and other two hotels namely Romani Exotica and Romano Towers will be opened during the financial year 2008-09. The group companies has formalized two joint ventures with GIC, a Singapore based investment management firm. One for developing hotels and second for setting up of IT Parks and other Infrastructural projects. The group entered into a joint venture agreement with Sonata Investment of the Reliance group for jointly developing and constructing two hotels and an SEZ project. The company is in the process of setting up ceramic unit in Jahagadia in Gujarat with the investment of Rs 60 crore. The company is in the process of constructing an IT Park at Manesar and Rai in Haryana. Also, the company has been granted by the Ministry of Commerce, Government of India to the proposal for development of an IT Special Economic Zone (SEZ) of 25 acres land with the expected cost of Rs 1000 crore at Rai in Haryana. In June 2008, Acacia Real Estate Limited, a Bahrain based Development Fund has entered into a Joint Venture Agreement with the Company to acquire minority stake in one of their Wholly Owned Subsidiary, Anant Raj Projects Pvt Ltd for a sum of Rs. 216.38 crore.