You are here » Home » Companies » Company Overview » Hindustan Adhesives Ltd

Hindustan Adhesives Ltd.

BSE: 514428 Sector: Industrials
NSE: N.A. ISIN Code: INE074C01013
BSE LIVE 13:51 | 25 Sep 69.50 -3.30
(-4.53%)
OPEN

70.00

HIGH

71.00

LOW

69.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 70.00
PREVIOUS CLOSE 72.80
VOLUME 3147
52-Week high 92.00
52-Week low 38.15
P/E 8.13
Mkt Cap.(Rs cr) 36
Buy Price 67.50
Buy Qty 100.00
Sell Price 69.50
Sell Qty 60.00
OPEN 70.00
CLOSE 72.80
VOLUME 3147
52-Week high 92.00
52-Week low 38.15
P/E 8.13
Mkt Cap.(Rs cr) 36
Buy Price 67.50
Buy Qty 100.00
Sell Price 69.50
Sell Qty 60.00

Hindustan Adhesives Ltd. (HINDADHESIVE) - Company History

Incorporated on 5 Apr.'88, Hindustan Adhesives (HAL) was promoted L K Bagla and M S Bagla for manufacturing bi-axially oriented polypropylene (BOPP) self-adhesive tapes (cap. : 52 mln sq mtr pa) and BOPP films (cap. : 2500 tpa), at Ghaziabad, UP. The company has state-of-the-art equipment like the acrylic adhesive coating machine, hot melt coating and adhesive making machine and BOPP film making equipment. The BOPP adhesive tapes are mainly used in the packaging industry. HAL markets these tapes under the brand names Mystic, Stic Me, and Boss Tech, while its major clients include the Jindal group, SIEL, Dabur and Parasrampuria. The film manufactured by the BOPP film plant is used captively for manufacturing PSA tapes. In 1994, the company implemented its backward integration project for manufacturing bi-axially oriented poly-propylene films. To part-finance this project, the company came out with an issue of equity shares at a premium of Rs 15 in Aug.'94. The company has expanded its BOPP film plant by installing another plant of 1300 tpa. The project was funded through internal accruals. During 1999-2000, the company was awarded ASIASTAR' 99 award from the Asian Packaging Federation for developing self-adhesive tear tapes of world-class quality. As the demand for BOPP film products was increasing the company has opened the BOPP film unit which was closed since last 4 years.