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Garware-Wall Ropes Ltd.

BSE: 509557 Sector: Industrials
NSE: GARWALLROP ISIN Code: INE276A01018
BSE LIVE 19:40 | 19 Oct 889.90 -5.95
(-0.66%)
OPEN

913.50

HIGH

913.50

LOW

875.35

NSE 19:42 | 19 Oct 895.95 -4.25
(-0.47%)
OPEN

900.00

HIGH

910.00

LOW

885.00

OPEN 913.50
PREVIOUS CLOSE 895.85
VOLUME 758
52-Week high 994.40
52-Week low 489.00
P/E 21.76
Mkt Cap.(Rs cr) 1,947
Buy Price 0.00
Buy Qty 0.00
Sell Price 889.90
Sell Qty 1.00
OPEN 913.50
CLOSE 895.85
VOLUME 758
52-Week high 994.40
52-Week low 489.00
P/E 21.76
Mkt Cap.(Rs cr) 1,947
Buy Price 0.00
Buy Qty 0.00
Sell Price 889.90
Sell Qty 1.00

Garware-Wall Ropes Ltd. (GARWALLROP) - Company History

Incorporated on 1 Apr.'76 in Bombay, Garware-Wall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc, US. In 1987, Wall Ind. divested its shareholding which was taken up by the promoters. The company manufactures synthetic yarn, cordage, twine, fishnet webbings & polypropylene multi-filament yarn. It came out with a rights issue in Nov.'95 to part-finance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune. The company entered into a technical collaboration with Toyo Kogyo, Japan, to manufacture fishnet webbing machines. It has decided to set up a subsidiary in the US. The company finalised a joint venture with a Danish company to set up a 100% EOU to manufacture braided wires. It has decided to diversify into the manufacture of heat-resistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda, UK, is being dismantled and will be re-erected in Wai by Mar.'96. In domestic market, Company concerted efforts in reaching out to the end-users have not only resulted in the imporvement of market share, but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market. The company has been awarded the Top Exporter Awards for the year 1998-99 during 1999-2000, both in "Fishnets/Fishing Line" and "Ropes" by `The Plastics Export Promotion Council'. The company has planned to develop Raschel nets for fish farming.