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Asahi Songwon Colors Ltd.

BSE: 532853 Sector: Industrials
NSE: ASAHISONG ISIN Code: INE228I01012
BSE 15:40 | 16 Jan 375.15 -23.25
(-5.84%)
OPEN

391.85

HIGH

395.75

LOW

368.05

NSE 15:55 | 16 Jan 379.00 -17.50
(-4.41%)
OPEN

396.50

HIGH

398.95

LOW

373.05

OPEN 391.85
PREVIOUS CLOSE 398.40
VOLUME 7436
52-Week high 423.80
52-Week low 236.00
P/E 16.82
Mkt Cap.(Rs cr) 460
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 391.85
CLOSE 398.40
VOLUME 7436
52-Week high 423.80
52-Week low 236.00
P/E 16.82
Mkt Cap.(Rs cr) 460
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Asahi Songwon Colors Ltd. (ASAHISONG) - Company History

The company was originally incorporated on December 19, 1990 as a private limited company called Lucky Laminates Private Limited in State of Gujarat. In the year 1995-96, the High Court of Gujarat has approved the scheme of amalgamation of Asahi Dyechem Pvt. Ltd. On April 19, 1996, the company has converted into public company and on the same day company name has changed to Asahi Songwon Colors Limited. The company has set up plant to manufacture Pigment Green -7 at Kadi, Mehsana with an initial capacity of 180 TPA with total capital expenditure of Rs.40 million. The commercial production of this plant commenced in the year 1991. In the year 1995- 96, the company has entered into a joint venture agreement with Songwon Color Company Limited (SCCL), South Korea with financial investment and supply of technology for manufacture of Green Crude. On entering the technical collaboration with SCCL, ASCL installed a plant for manufacturing Green Crude at a total cost of about Rs.35 million, which enhanced its installed capacity from 180 TPA to 600 TPA. Subsequently, ASCL further expanded its installed capacity to 900 M.T in 2002 and to 1080 MT in the year 2005-06 with a capital expenditure of Rs. 35 million. May 2007, the company has entered into capital market. The company has issued 37,22,222 Equity shares to the public. Issue price is Rs.90/- per share.