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Saint-Gobain Sekurit India Ltd.

BSE: 515043 Sector: Industrials
NSE: N.A. ISIN Code: INE068B01017
BSE LIVE 15:56 | 22 Sep 49.35 -3.50
(-6.62%)
OPEN

52.40

HIGH

52.40

LOW

49.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 52.40
PREVIOUS CLOSE 52.85
VOLUME 252133
52-Week high 59.50
52-Week low 37.70
P/E 78.33
Mkt Cap.(Rs cr) 450
Buy Price 49.35
Buy Qty 114.00
Sell Price 0.00
Sell Qty 0.00
OPEN 52.40
CLOSE 52.85
VOLUME 252133
52-Week high 59.50
52-Week low 37.70
P/E 78.33
Mkt Cap.(Rs cr) 450
Buy Price 49.35
Buy Qty 114.00
Sell Price 0.00
Sell Qty 0.00

Saint-Gobain Sekurit India Ltd. (SAINTGOBSEKUR) - Company History

Saint-Gobain Sekurit India Ltd formerly known as Saint-Gobain India (SSGIL) was incorporated in 1973 as a private limited company under the name Maharashtra Safety Glass Works Private Ltd. It was promoted by A C Gulati and B R Dougall. Presently its holding company Sekurit Saint - Gobain, France hold 85.77% stake in equity capital of the company. SSGIL is a market leader in glasses for all types of automobiles. SSGIL went public in 1987 and came out with its maiden issue in Oct.'88. Its plant at Pune is equipped with modern automatic machines. It supplies glass under the Atultuf brand name to a reputed clientele including Telco, Premier Automobiles, Hindustan Motors, Ashok Leyland, Bajaj Tempo, Bajaj Auto, etc. The company diversified by setting up a vegetable oil solvent extraction plant employing the most modern technology. The project was part financed by a rights issue of FCDs in Mar.'92 along with the private placement of NCDs with mutual funds. The company started production of laminated safety glass at Chakan near Pune. In Jul. 2000, the scheme of amalgamation of Universal Body Builders and Engineers Pvt Ltd was finalised with effect from Apr 1999. SSGIL is setting up a new furnace at Chakan to manufacture bigger size windscreens and one at Bhosari to manufacture Backlites. With these investments the company expects to cater to the needs of all its customers to supply full sets for automobiles by May 2001. The Bhosari & Chakan Plants were certified ISO 9002 in 2001-02. The accumulated losses have exceede the networth and subsequently the company has become potentially sick.