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Gujarat Raffia Industries Ltd.

BSE: 523836 Sector: Industrials
NSE: GUJRAFFIA ISIN Code: INE610B01024
BSE LIVE 15:27 | 17 Nov 42.40 2.00
(4.95%)
OPEN

38.40

HIGH

42.40

LOW

38.40

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 38.40
PREVIOUS CLOSE 40.40
VOLUME 733
52-Week high 55.00
52-Week low 12.64
P/E 26.84
Mkt Cap.(Rs cr) 21
Buy Price 42.40
Buy Qty 4741.00
Sell Price 0.00
Sell Qty 0.00
OPEN 38.40
CLOSE 40.40
VOLUME 733
52-Week high 55.00
52-Week low 12.64
P/E 26.84
Mkt Cap.(Rs cr) 21
Buy Price 42.40
Buy Qty 4741.00
Sell Price 0.00
Sell Qty 0.00

Gujarat Raffia Industries Ltd. (GUJRAFFIA) - Company History

Gujarat Raffia Industries (GRIL), promoted by Ashok Chhajer and Pradeep Bhutoria, was established in 1984 to manufacture HDPE woven sacks. It is currently manufacturing high quality HDPE woven sacks for the fertiliser, cement and chemical industries with its major clients being GNFC, Orissa Cement (OCL), IFFCO, KRIBHCO, NFL, SAIL, Cement Corporation of India, U P Cement, etc. GRIL gets its lamination done on a job-work basis due to lack of in-house lamination facilities. It has a production capacity of 792 tpa to manufacture laminated sheets with craft paper as also tarpaulin. The lamination plant went on stream in Mar.'93. GRIL carried out an expansion-cum-diversification programme in 1992-93 to increase the capacity of the HDPE woven sacks from 360 tpa to 1008 tpa, with a new capacity of 792 tpa to manufacture laminated sheets and tarpaulin (cost : Rs 4.16 cr) which was part-financed by an equity issue. The company increased its capacity for tarpaulins by 3177 tpa. It also widen its product range to make PP ropes with an installed capacity of 255 tpa (cost : Rs 16.14 cr). To part-finance this project, GRIL came out with a public issue of equity shares in Sep.'94. The company commenced efforts its production by meeting Overseas customers personally.