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Garg Furnace Ltd.

BSE: 530615 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE194E01015
BSE LIVE 14:57 | 08 Dec 10.22 -0.53
(-4.93%)
OPEN

10.22

HIGH

10.22

LOW

10.22

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.22
PREVIOUS CLOSE 10.75
VOLUME 150
52-Week high 15.12
52-Week low 8.26
P/E
Mkt Cap.(Rs cr) 4
Buy Price 10.22
Buy Qty 50.00
Sell Price 11.28
Sell Qty 20.00
OPEN 10.22
CLOSE 10.75
VOLUME 150
52-Week high 15.12
52-Week low 8.26
P/E
Mkt Cap.(Rs cr) 4
Buy Price 10.22
Buy Qty 50.00
Sell Price 11.28
Sell Qty 20.00

Garg Furnace Ltd. (GARGFURNACE) - Company History

Incorporated in Dec.'73 as a private limited company, Garg Furnace was converted into a public limited company in Feb.'76. Promoted by Dharam Pal Garg and Jagdish Chand Garg, Garg Furnace manufactures alloy steel. Its manufacturing facilities are situated at Ludhiana, Punjab. The company commenced operations in 1974 with a 1-tonne capacity arc furnace to manufacture steel casting. In 1981, the arc furnace was scrapped, as its technology was not so successful and during the same year, it installed a 0.5-metric tonne capacity induction melting furnace. In 1988, it added a rolling mill for the manufacture of MS hot rolled rounds. The melting capacity was increased in the years 1989, 1991, 1994 and again in Mar.'93. In 1995, the company completed expansion-cum-forward integration plan to put up a new induction melting furnace to enhance its ingots manufacturing capacity from 48,000 tpa to 72,000 tpa and to also to set up a wire rod mill with an installed capacity of 30,000 tpa. It tapped the capital market in Apr.'95 to part-finance the project. The company's products are being supplied to Indian Railways, thermal power stations, cement plants, sugar mills and auto, bicycle and sewing machine parts manufacturers.