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Astral Poly Technik Ltd.

BSE: 532830 Sector: Industrials
NSE: ASTRAL ISIN Code: INE006I01046
BSE LIVE 15:40 | 23 Jun 686.65 -2.40
(-0.35%)
OPEN

690.30

HIGH

696.00

LOW

675.75

NSE 15:41 | 23 Jun 688.35 -2.35
(-0.34%)
OPEN

681.20

HIGH

699.00

LOW

675.00

OPEN 690.30
PREVIOUS CLOSE 689.05
VOLUME 7212
52-Week high 728.75
52-Week low 368.00
P/E 77.15
Mkt Cap.(Rs cr) 8,226
Buy Price 0.00
Buy Qty 0.00
Sell Price 686.65
Sell Qty 65.00
OPEN 690.30
CLOSE 689.05
VOLUME 7212
52-Week high 728.75
52-Week low 368.00
P/E 77.15
Mkt Cap.(Rs cr) 8,226
Buy Price 0.00
Buy Qty 0.00
Sell Price 686.65
Sell Qty 65.00

Astral Poly Technik Ltd. (ASTRAL) - Company History

Astra Poly Technik Ltd was incorporated on March 25, 1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED, under the Companies Act, 1956. The name of the Company was subsequentely changed to ASTRAL POLY TECHNIK LIMITED vide fresh Certificate of Incorporation dated September 29, 2006 The company is a manufacturer and provider of CPVC piping and plumbing systems in India since 1999. The company are the first licensee of Noveon, USA (formerly known as Specialty Chemical Divison of B.F Goodrich, USA) to manufacture and market CPVC piping and plumbing system in India. In order to strengthen the business plans, the company entered into a techno-financial joint venture with Specialty Process LLC of USA, which provided the company the required technical expertise for manufacturing CPVC pipes and fittings for home and industrial application. Over the years, the company has expanded and enhanced product lines to provide continually improved services to the customers. As a manufacturer of CPVC pipes and fittings for hot and cold water, industrial and pressuresystems application, the company had introduced a new product range in lead free PVC pressure pipes and fittings in the year 2004. With a concept of providing a one-stop source for all the plastic piping systems, the company also began trading in products such as CPVC and PVC fittings, flanges and valves from Spears (USA), solvent cements (adhesive solutions) for joining pipes and fittings from IPSC (USA), underground specialty fittings from Hunter (U.K) and CPVC and PVC plastic pipes of a larger diameter from Harvell Inc. (USA) The Company has its production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systemsfrom 1/2' to 8' diameter. The products include CPVC pipes and fittings for hot and cold water plumbing systems,CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals, lead free PVCsystems for cold water application. The Company has received an ISO 9001:2000 certificate in respect of manufacture and supply of CPVC andPVC pipes and fittings for plumbing systems and industrial piping system. The raw material used by the company for manufacturing CPVC products is certified by National Sanitary Foundation (NSF). The Company enjoys countrywide presence through its extensive distribution network comprising of more than 120 Distributors and 2000+ retail outlets. The products of the Company are very well accepted in all parts of thecountry though southern and Western India contributes to more than 75% of its business.