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Gujarat Apollo Industries Ltd.

BSE: 522217 Sector: Engineering
NSE: GUJAPOLLO ISIN Code: INE826C01016
BSE LIVE 15:50 | 25 Sep 233.35 -10.55
(-4.33%)
OPEN

235.20

HIGH

239.00

LOW

225.00

NSE 15:58 | 25 Sep 231.20 -12.15
(-4.99%)
OPEN

243.10

HIGH

243.10

LOW

221.40

OPEN 235.20
PREVIOUS CLOSE 243.90
VOLUME 8430
52-Week high 307.95
52-Week low 118.55
P/E 12.59
Mkt Cap.(Rs cr) 319
Buy Price 0.00
Buy Qty 0.00
Sell Price 233.35
Sell Qty 160.00
OPEN 235.20
CLOSE 243.90
VOLUME 8430
52-Week high 307.95
52-Week low 118.55
P/E 12.59
Mkt Cap.(Rs cr) 319
Buy Price 0.00
Buy Qty 0.00
Sell Price 233.35
Sell Qty 160.00

Gujarat Apollo Industries Ltd. (GUJAPOLLO) - Company History

Promoted by Apollo Earthmovers Pvt Ltd and Gujarat Industrial & Investment Corporation (GIIC), a state financial institutional, Gujarat Apollo Equipments commenced production in 1987. It established a plant to manufacture road construction and maintenance machinery such as bitumen asphalt paver finishers and drum mix plants, in technical collaboration with Barber Greene Company, US. In Jul.'92, GIIC disinvested its entire holding (11%) to Apollo Earthmovers. In 1994, GAEL came out with a public issue to part-finance its plans to expand its product line to road milling machines and batch mix plants. In 1995-96, GAEL promoted Johnson Filteration Systems, in technical and financial collaboration with Wheelaborator Clean Water Systems, US, to manufacture and market water purification systems. The company also jointly promoted Circuit Systmes (India), for the production of electronic components, especially printed circuit boards. The company's technical tie-up to manufacture the latest version of atlas front end wheeled loaders in India. The loaders shall be sold in the indian market from next year. During 1997-98, the company Joint Venture with Famaro-Ermont Europe's major player in the field of Asphalt Plants and other asphalt related equipments has been finalised. In 2000, the company was awarded ISO 9001 Certification in quality management systems by SGS Yarsley International Certification Services U.K. The company entered into a technical collaboration with Niigata Engineering Company Limited of Japan for manufacture of plants of capacities ranging from 60 to 125 TPH.