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Gujarat Apollo Industries Ltd.

BSE: 522217 Sector: Engineering
NSE: GUJAPOLLO ISIN Code: INE826C01016
BSE LIVE 15:43 | 17 Nov 233.20 -0.80
(-0.34%)
OPEN

234.30

HIGH

242.30

LOW

232.00

NSE 15:49 | 17 Nov 232.10 -2.40
(-1.02%)
OPEN

239.00

HIGH

243.40

LOW

231.55

OPEN 234.30
PREVIOUS CLOSE 234.00
VOLUME 3944
52-Week high 307.95
52-Week low 126.35
P/E 11.67
Mkt Cap.(Rs cr) 295
Buy Price 233.20
Buy Qty 31.00
Sell Price 0.00
Sell Qty 0.00
OPEN 234.30
CLOSE 234.00
VOLUME 3944
52-Week high 307.95
52-Week low 126.35
P/E 11.67
Mkt Cap.(Rs cr) 295
Buy Price 233.20
Buy Qty 31.00
Sell Price 0.00
Sell Qty 0.00

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.