You are here » Home » Companies » Company Overview » Gorani Industries Ltd

Gorani Industries Ltd.

BSE: 531608 Sector: Consumer
NSE: N.A. ISIN Code: INE792J01015
BSE LIVE 12:09 | 11 Dec 16.60 0
(0.00%)
OPEN

16.60

HIGH

16.60

LOW

16.60

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 16.60
PREVIOUS CLOSE 16.60
VOLUME 1250
52-Week high 16.75
52-Week low 8.84
P/E 10.71
Mkt Cap.(Rs cr) 9
Buy Price 16.60
Buy Qty 250.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.60
CLOSE 16.60
VOLUME 1250
52-Week high 16.75
52-Week low 8.84
P/E 10.71
Mkt Cap.(Rs cr) 9
Buy Price 16.60
Buy Qty 250.00
Sell Price 0.00
Sell Qty 0.00

Gorani Industries Ltd. (GORANIINDS) - Company History

Incorporated as a public limited company in Mar.'95, Gorani Industries (GIL) was promoted by the Gorani family of Indore, who are engaged in the manufacture of kerosene wick stoves under the popular Nutan brand name. The company is setting up an unit for the manufacture of kerosene wick stoves and LPG stoves at Indore, Madhya Pradesh. It came out with a public issue in Feb.'96 to part-finance its project. The product has been initially developed by the Indian Oil Corporation and the Indian Institute of Petroleum after long research and development. It has 25% - 30% fuel saving capacity as compared to other conventional stoves. The product developed by IOC is sold under the Nutan brand name, for which licences have been given to various manufacturers to market the stoves. There are 14 manufacturers of Nutan stoves in the country. Super Steel Manufacturing Company Pvt Ltd, an associate of the company, is one among them with the largest capacity of 2000 pd. Based on the demand for the stove, the company has also taken up the production of the Nutan stoves along with the LPG stoves. The promoters of the company have already developed a wide distributor / dealer network in Madhya Pradesh, Rajasthan, Gujarat and Maharashtra, and are in the process of appointing market intermediaries in Karnataka, Kerala, Tamilnadu, Andhra Pradesh, Uttar Pradesh and Orissa. The company also proposes to export its products.