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Harrisons Malayalam Ltd.

BSE: 500467 Sector: Agri and agri inputs
NSE: HARRMALAYA ISIN Code: INE544A01019
BSE LIVE 15:17 | 23 Nov 94.00 -2.25
(-2.34%)
OPEN

96.15

HIGH

99.20

LOW

92.50

NSE 15:02 | 23 Nov 94.75 -1.55
(-1.61%)
OPEN

96.65

HIGH

99.20

LOW

92.40

OPEN 96.15
PREVIOUS CLOSE 96.25
VOLUME 117122
52-Week high 102.45
52-Week low 56.15
P/E
Mkt Cap.(Rs cr) 174
Buy Price 94.00
Buy Qty 45.00
Sell Price 94.40
Sell Qty 50.00
OPEN 96.15
CLOSE 96.25
VOLUME 117122
52-Week high 102.45
52-Week low 56.15
P/E
Mkt Cap.(Rs cr) 174
Buy Price 94.00
Buy Qty 45.00
Sell Price 94.40
Sell Qty 50.00

Harrisons Malayalam Ltd. (HARRMALAYA) - Company History

Harrisons Malayalam Ltd., a member of the RPG group is into various businesses including tea and rubber plantations; structural, civil, mechanical and electrical engineering activities; trading in and export of tea, coffee and spices; estate supplies and trading, clearing, shipping, air travel and air cargo activities; and bio-technology. Harisons Malayalam, formed in 1984 with the merger of Harrisons & Crossfield and Malayalam Plantations, has came out with a rights issue in 1992 to part-finance its expansion and diversification projects. The company's factories i.e. Surianalle(Tea Factory), Kumbazha Centrifuge(Rubber Factory) and Achoor Factory are certified with ISO 9002. Through a JV (i.e. Harrisons Universal Flowers) with Universal Plants of France the company entered the floriculture market. It exports Flowers to Holland. It plans to introduce new varieties and also develop the domestic market. Harrisons Universal Flowers ceased to be a subsidiary of the company during 1999-2000. The tissue culture project introduced a new product called Rhododendron. High-yielding sugar cane has been developed and launched in the domestic market. Young and potted plants developed by the division have made successful entry into Australia and Denmark. Apart from tea, the company exported spices as also non-traditional items such as rubber and tissue culture. During the year, the company had taken up management contracts for two companies in Srilanka to improve the agricultural practices and manufacturing processes. The company has successfully introduced a new brand of premium Assam tea under the trade name of "Spencers". The company plans to amalgamate Harrisons Agro Products Ltd., Harrisons Financial Services Ltd. and Harrisons Rubber Products Ltd with itself.