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Galore Prints Industries Ltd.

BSE: 526679 Sector: Industrials
NSE: N.A. ISIN Code: INE648C01014
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Galore Prints Industries Ltd. (GALOREPRINTS) - Company History

Incorporated in 1988 as a private limited company, Galore Prints Industries Ltd., previously known as Vikas Laminator was converted into a public limited company in 1994. It is promoted by Mahesh K Rustagi, Rajesh K Rustage and Dinesh K Rustagi. The company set up its first unit at Noida in 1989 to manufacture polyester / paper flexible packaging material with an installed capacity of 450 tpa. Commercial production commenced in May '89. In 1994, the company undertook an expansion programme to increasing the capacity by an additional 1800 tpa by setting up another unit at Noida, UP. It came out with a public issue in Oct.'94 to part-finance the project. Commercial production at the new unit commenced in Mar.'96. It was delayed by nearly a year as a result of change in supplier of 8 colour rotogravure printing machine and construction of new building to house this new machine.