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Govind Rubber Ltd.

BSE: 509148 Sector: Auto
NSE: GOVINRUBER ISIN Code: INE011C01015
BSE LIVE 15:59 | 23 Aug 21.20 0.30
(1.44%)
OPEN

22.30

HIGH

22.45

LOW

21.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 22.30
PREVIOUS CLOSE 20.90
VOLUME 9567
52-Week high 40.20
52-Week low 16.30
P/E
Mkt Cap.(Rs cr) 46
Buy Price 21.20
Buy Qty 16.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.30
CLOSE 20.90
VOLUME 9567
52-Week high 40.20
52-Week low 16.30
P/E
Mkt Cap.(Rs cr) 46
Buy Price 21.20
Buy Qty 16.00
Sell Price 0.00
Sell Qty 0.00

Govind Rubber Ltd. (GOVINRUBER) - Company History

Set up in 1982 at Ludhiana, Govind Rubber took over a sick unit, Pavan Tyres, in 1984 and amalgamated it in 1991. The unit was promoted by Siyaram Poddar group. The company manufactures cycle tyres & tubes and auto tyres and tubes. The company came out with a public issue in Oct.'92 at a premium to part-finance an export-based project to manufacture nylon colour/gum wall tyres and tubes. It has a technical collaboration agreement with Union Rubber Industries Company, Taiwan, and an export obligation under the Export Promotion Capital Goods scheme. The Auto Tyres Project at Bhiwandi unit was completed in 96-97 and the project was financed by term loan and internal cash accruals. In 1997-98, the installed capacity of cycle tyres was increased to 4,50,00,000 nos.; cycle tubes to 4,50,00,000 nos.; auto tyres to 25,00,000 nos.; auto tubes to 45,00,000 nos. During 1999-2000, the company's unit at Bhiwadi - Rajasthan has achieved ISO 9002 certificate for all its products viz. auto tyres and tubes, cycle tyres and tubes. The company was honoured by CAPEXIL for the 9th time in succession, with the top export award for the cycle tyre industry. Modernisation programme at Ludhiana and Bhiwadi plant was implemented in the year 2000-2001. As the Bhiwadi Plant is a loss making one, the company sold the same to Balkrishna Industries Ltd unit Balkrishna Tyres,a Tyre Manufacturing unit for Rs.16.96 crores