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PTL Enterprises Ltd.

BSE: 509220 Sector: Auto
NSE: PTL ISIN Code: INE034D01031
BSE 15:40 | 20 Feb 51.20 -0.05
(-0.10%)
OPEN

53.75

HIGH

53.75

LOW

50.65

NSE 15:31 | 20 Feb 50.80 -0.65
(-1.26%)
OPEN

51.45

HIGH

52.95

LOW

50.25

OPEN 53.75
PREVIOUS CLOSE 51.25
VOLUME 9302
52-Week high 81.60
52-Week low 38.20
P/E 8.14
Mkt Cap.(Rs cr) 339
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 53.75
CLOSE 51.25
VOLUME 9302
52-Week high 81.60
52-Week low 38.20
P/E 8.14
Mkt Cap.(Rs cr) 339
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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.