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Pacific Industries Ltd.

BSE: 523483 Sector: Others
NSE: PACIFICIND ISIN Code: INE883C01025
BSE LIVE 15:40 | 25 Sep 124.90 -2.30
(-1.81%)
OPEN

128.00

HIGH

128.00

LOW

124.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 128.00
PREVIOUS CLOSE 127.20
VOLUME 124
52-Week high 170.00
52-Week low 111.65
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 128.00
CLOSE 127.20
VOLUME 124
52-Week high 170.00
52-Week low 111.65
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Pacific Industries Ltd. (PACIFICIND) - Company History

Promoted by B R Agarwal and J P Agarwal, Pacific Industries is well-known in Rajasthan. It was established near Udaipur as a 100% EOU in collaboration with SIGEP, Italy, to manufacture polished granite slabs (inst. cap. : 1.2 lac sq mtr pa). In Oct.'91, it came out with its maiden public issue. In Mar.'92 the unit commenced commercial production. The company has four mines in Rajasthan and quarries in Karnataka, providing around 4000 cu mtr pa of granites. A recognised Export House, it was awarded the Best Export Award in the mines and minerals segment at the state level in 1993-94. Pacific Industries has embarked on a major expansion to increase its installed capacity by 2,40,000 sq mtr near Bangalore, thus tripling its capacity. In this connection, the company has acquired 6.1 acres of land near Bangalore. The civil work for the first phase of this unit is almost complete. The plant and machinery, including four gangsaws, one polishing machine, one bridge-cutting machine and one CNC machine, has already been shifted. It is also purchasing a gantry crane, an EOT crane and a stationary diamond wire saw from Pelligrini, Italy. Besides, it is acquiring and developing a number of mines around Bangalore for captive use. It also intends to diversify into the manufacture of synthetic blended yarn (inst. cap. : 31,000 spindles). The project will be financed by a foreign currency loan from IDBI, a part of the rights-cum-public issue proceeds and internal accruals. The group also plans to diversify into leasing finance, amusement parks and hotels.