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Arcotech Ltd.

BSE: 532914 Sector: Metals & Mining
NSE: ARCOTECH ISIN Code: INE574I01035
BSE LIVE 15:29 | 24 Nov 52.00 0.15
(0.29%)
OPEN

52.15

HIGH

53.00

LOW

52.00

NSE 15:23 | 24 Nov 52.00 0.10
(0.19%)
OPEN

52.95

HIGH

52.95

LOW

51.90

OPEN 52.15
PREVIOUS CLOSE 51.85
VOLUME 34764
52-Week high 162.29
52-Week low 45.65
P/E 24.19
Mkt Cap.(Rs cr) 546
Buy Price 52.00
Buy Qty 355.00
Sell Price 52.15
Sell Qty 50.00
OPEN 52.15
CLOSE 51.85
VOLUME 34764
52-Week high 162.29
52-Week low 45.65
P/E 24.19
Mkt Cap.(Rs cr) 546
Buy Price 52.00
Buy Qty 355.00
Sell Price 52.15
Sell Qty 50.00

Arcotech Ltd. (ARCOTECH) - Company History

Arcotech Ltd is manufacturing Copper as well as copper alloys products and aluminium products like Plates/Bars sheets strips foils and rods. The company's unit is located at Bawal admeasuring 20800 Sq. Mtrs. acquired from HSIDC at their Industrial Growth Center Bawal Rewari Haryana.Arcotech Ltd was incorporated on August 13 1981 with the name Shri Krishna Strips Ltd. The company was promoted by Arvind Saraf for manufacturing internationally acceptable quality of Copper & Brass Strips and Foils with an installed capacity of 1666 MTPA in New Delhi. From 1986 to 1992 the company underwent series of forward & backward integration and increased production capacity to 6500 MTPA. In the year 1994 the company ventured into water transport business and procured 5 high speed Hovercrafts and were pioneers in operating Hovercraft Services in India in Mumbai on their cross harbour routes. The company became a public limited company with effect from September 15 1994.In November 1996 the Hon'ble Supreme Court with a view to remove all polluting industries within city limits erroneously ordered closure of its unit. CPCB as per its report did not want the Company to move out of Delhi. However Hon'ble Supreme Court did not review its order. This company closed their unit in the year 1998. In the year 2006 the company relocated their unit to Bawal Haryana on Jaipur-Delhi highway with the objective of becoming the leading manufacturer in the Copper and Copper Alloy Semis.The company's equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from December 28 2007.During the year 2009-10 the company installed various equipments and plant and machineries with a view to de-bottleneck the production process and to enhance the capacity utilization. Also they added various new OEM clients of good repute. During the year 2010-11 the company diversified geographically and established themselves in the market segments situated in southern and western part of India. Also they added new customers of international repute spread across various industrial segments such as detonators electronics & terminals in their client list.During the year under review 2014 the company bags order worth Rs 157 crore from INDIA GOVERNMENT MINT (IGM) Mumbai for supply of 3000 MT Nickel Brass Coils.