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Asahi India Glass Ltd.

BSE: 515030 Sector: Industrials
NSE: ASAHIINDIA ISIN Code: INE439A01020
BSE LIVE 15:51 | 24 May 240.20 -2.70
(-1.11%)
OPEN

215.25

HIGH

245.50

LOW

215.25

NSE 15:40 | 24 May 240.95 -2.20
(-0.90%)
OPEN

242.05

HIGH

244.00

LOW

235.30

OPEN 215.25
PREVIOUS CLOSE 242.90
VOLUME 14476
52-Week high 260.40
52-Week low 145.00
P/E 49.53
Mkt Cap.(Rs cr) 5,839
Buy Price 240.20
Buy Qty 521.00
Sell Price 0.00
Sell Qty 0.00
OPEN 215.25
CLOSE 242.90
VOLUME 14476
52-Week high 260.40
52-Week low 145.00
P/E 49.53
Mkt Cap.(Rs cr) 5,839
Buy Price 240.20
Buy Qty 521.00
Sell Price 0.00
Sell Qty 0.00

Asahi India Glass Ltd. (ASAHIINDIA) - Company History

Asahi India Glass (AIS) is the largest integrated glass company in India. They manufacture a wide range of international quality automotive safety glass, float glass, architectural processed glass and glass products. They are transforming themselves from being a manufacturer of world class glass and glass products to a solutions provider by moving up the value chain of auto glass and architectural glass and providing design, products and services that make glass more versatile and user-friendly. Asahi India Glass Ltd was incorporated in the year 1984 as Indian Auto Safety Glasses. The company was promoted as a joint vanture by Maruti Udyog, Asahi Glass Company, Japan and B M Labroo and Associates. Asahi Glass Company, Japan, provides the technical assistance to the company. The company has the following three Strategic Business Units. They are AIS Auto Glass, AIS Float Glass and AIS Glass Solutions Ltd. AIS Auto Glass is the largest manufacturer of world class automotive safety glass in India and is one of the largest auto glass makers in Asia. Their customers include Maruti Udyog, Hyundai Motors, Tata Motors, Toyota, Mahindra & Mahindra, Honda, General Motors Ford India, Hindustan Motors, Fiat India, Volvo, Eicher and Piaggio. Their manufacturing facilities is located at Rewari in Haryana and Chennai In Tamilnadu. AIS Float Glass is a premier manufacturer of international quality glass and value added glass like reflective glass and mirror. Their manufacturing plants are located at Taloja in Maharashtra and Roorkee in Uttarakhand. The company is also the commercial agent of AGC Float Glass, Europe in India since April 2007. AIS Glass Solutions is the face of the architectural glass processing business of AIS. They have been supplying a wide range of high quality architectural processed glass, comprising of toughended glass, laminated glass, insulated glass units and value added glass products. Their processing facilities are located at Taloja in Maharashtra, Chennai in Tamilnadu and Roorkee in Uttarakhand. In the year 1986, the company started commercial production of toughened automotive glass with installed capacy of 260000 sq.mtrs. In the year 1990, they installed first printing line to produce automotive glass with black ceramic and heat lite printing. During the year 1993-94, they set uo a new plant to produce laminated safety glass. The company is the first Indian glass company to get the QS-9000 and ISO-9002 certification through TUV Bayren Sachsen, Germany for the production and servicing of automotive safety glass. During the year 2001, Floatglass became the subsidiary of AIS and in the year 2002-03, the company was merged with AIS. The company name was changed from Asahi India Safety Glass Ltd to Asahi India Glass Ltd with effect from 26th September 2002. During the year 2005-06, AIS Glass Solutions Ltd became the subsidiary of AIS. The company increased the production capacity of Laminated Glass and Toughened by 660000 Nos and 1110000 sq mtr respectively. During the year 2005-06, the company commissioned Tempered Glass Manaufacturing unit and Laminated Windshields Manufacturing unit at Chennai in Tamilnadu. During the year 2006-07, the company increased the production capacity of Flaot Glass, Laminated Glass and Toughened Glass by 44520000 sq mtr, 410000 Nos and 720000 sq mtr respectively. Also, the commercial production of reflective glass and mirror at the Integrated Glass plant in Roorkee, Uttarakhand commenced on April 18, 2007 and May 25, 2007 respectively. During the year 2007-08, the production capaity of Toughened Glass, Laminated Glass, Architectural Glass and Mirror Glass increased by 2592000 sq mtr, 80000 Nos, 504000 sq mtr and 3650000 sq mtr respectively. The architectural glass processing plant in Roorkee in Uttarakhand commenced their operation in September 2007. During the year 2006-07, the company received award for 'Achieving Targets of Quality' and 'Achieving Targets of Delivery' from Toyota Kirloskar Motors Ltd. They received '5 Star Award' and award 'Best Quality Performance' from Hyundai Motors India Ltd. They also received Construction World's Award for the largest and most profitable glass company.