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Gillanders Arbuthnot & Company Ltd.

BSE: 532716 Sector: Others
NSE: GILLANDERS ISIN Code: INE047B01011
BSE LIVE 15:26 | 22 Sep 62.50 -0.40
(-0.64%)
OPEN

61.45

HIGH

62.50

LOW

61.20

NSE 15:31 | 22 Sep 60.75 -2.60
(-4.10%)
OPEN

63.10

HIGH

63.10

LOW

60.40

OPEN 61.45
PREVIOUS CLOSE 62.90
VOLUME 680
52-Week high 85.30
52-Week low 55.20
P/E
Mkt Cap.(Rs cr) 133
Buy Price 60.25
Buy Qty 25.00
Sell Price 62.50
Sell Qty 720.00
OPEN 61.45
CLOSE 62.90
VOLUME 680
52-Week high 85.30
52-Week low 55.20
P/E
Mkt Cap.(Rs cr) 133
Buy Price 60.25
Buy Qty 25.00
Sell Price 62.50
Sell Qty 720.00

Gillanders Arbuthnot & Company Ltd. (GILLANDERS) - Company History

Gillanders Arbuthnot & Company (GACL) was incorporated in 1947 and is in the business of cultivation and marketing of tea. The company is also into manufacture of Kalamazoo Binders and Accessories, Kalamazoo Sheets, Continuous Conveyor Belt Weighers and Plastic containers. The company operates with five divisions i.e. Tea, Kalamazoo, Adequate Weighters and Property divisions. The tea division produces saleable tea produced from it's own plantations and purchased green leafs. GACL has diversified into manufacture of HDPE containers by setting up a project in Janakipuram in Chengalpattu District of Tamilnadu at an outlay of 17 crores. The project was funded by a term loan of Rs.10.35 crores from ICICI and the balance from internal accruals. This project also manufactures handling cans and containers with a capacity of 20 to 100 ltrs. Commercial production commenced on first half of 1996. Presently the capacity stood at 370000 Nos per annum. The company during September, 1998 has issued Bonus shares in ratio of one share for every one share held, there by taking the share capital to Rs. 4.76 crs. Jutlibari Tea, Tengpani Tea, Waldies and Gillanders Investments and Services are the subsidiaries. Gillanders has acquired GIS Ltd during the year 2005 and pursuant to this amalgamation,the company will issue One Equity Share of Rs.10 each for every Three Equity Shares held by the shareholders of GIS Ltd.