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PTL Enterprises Ltd.

BSE: 509220 Sector: Auto
NSE: PTL ISIN Code: INE034D01031
BSE LIVE 15:59 | 22 Nov 57.10 1.75
(3.16%)
OPEN

56.70

HIGH

57.55

LOW

53.00

NSE 15:31 | 22 Nov 56.95 1.35
(2.43%)
OPEN

55.50

HIGH

57.50

LOW

53.00

OPEN 56.70
PREVIOUS CLOSE 55.35
VOLUME 28119
52-Week high 177.25
52-Week low 38.20
P/E 10.36
Mkt Cap.(Rs cr) 378
Buy Price 0.00
Buy Qty 0.00
Sell Price 57.10
Sell Qty 50.00
OPEN 56.70
CLOSE 55.35
VOLUME 28119
52-Week high 177.25
52-Week low 38.20
P/E 10.36
Mkt Cap.(Rs cr) 378
Buy Price 0.00
Buy Qty 0.00
Sell Price 57.10
Sell Qty 50.00

PTL Enterprises Ltd. (PTL) - Company History

Incorporated in 1959, Premier Tyres (PTL) is managed by Chairman O S Kanwar. PTL manufactures automobile tyres, flaps and belts. Its manufacturing unit is located at Ernakulam, Kerala. The company was declared a sick unit by the Board for Industrial and Financial Reconstruction (BIFR) and under a rehabilitation scheme prescribed by the Board, PTL was taken over by Apollo Tyres in 1995. This involved Apollo subscribing to Premier's additional equity of Rs 10 cr at par. The authorised capital of the company has increased from Rs 4 cr to Rs 14 cr and its registered office shifted from Mumbai to Cochin. According to the BIFR order, Apollo will operate Premier's plant on an irrevocable lease of 8 years and pay a total lease rental amounting to Rs 45.50 cr to Premier Tyres. Apollo will lift the entire production of Premier and sell the same under the Apollo brand name.