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Gujarat Filaments Ltd.

BSE: 514012 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Gujarat Filaments Ltd
NSE 05:30 | 01 Jan Gujarat Filaments Ltd

Gujarat Filaments Ltd. (GUJFILAMENT) - Company History

Incorporated as Syntax Filaments Pvt Ltd in Mar.'81, Gujarat Filaments (GFL) was converted into a public limited company in Feb.'84. Its registered office was shifted to Gujarat. Consequently, its name was changed to the present one and a fresh date of incorporation was obtained in Oct.'84 and it became a joint sector company with the Gujarat Industrial Investment Corporation (GIIC). The other main promoters of the company are K N Mishra, V B Agarwal and D N Chaturvedi. Samrat Trading & Investments is a subsidiary of the company. The company manufactures polypropylene multi-filament yarn (PMFY). It came out with its maiden public issue in 1984. Its plant which was commissioned in 1985 is located at Halol (Panchmahal district), Gujarat. The yarn or fibre finds application in the production of soft luggage, fabric, tapes, ropes, fish nets, sewing threads, etc. In 1994, the company diversified into the core sector of cement. It came out with a rights issue in Sep.'94, to set up a cement plant (inst.cap. : 140 tpd) at Kotputli, Rajasthan, to manufacture portland cement. In 1995, the cement project was commissioned. However, a major accident Oct.'95, when a major protion of the plant crashed due to mechanial failure.