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Visaka Industries Ltd.

BSE: 509055 Sector: Industrials
NSE: VISAKAIND ISIN Code: INE392A01013
BSE LIVE 19:40 | 19 Oct 699.20 -4.20
(-0.60%)
OPEN

705.00

HIGH

712.05

LOW

680.95

NSE 19:46 | 19 Oct 696.50 -8.00
(-1.14%)
OPEN

706.95

HIGH

713.00

LOW

677.80

OPEN 705.00
PREVIOUS CLOSE 703.40
VOLUME 4018
52-Week high 733.90
52-Week low 172.30
P/E 23.55
Mkt Cap.(Rs cr) 1,110
Buy Price 0.00
Buy Qty 0.00
Sell Price 694.90
Sell Qty 202.00
OPEN 705.00
CLOSE 703.40
VOLUME 4018
52-Week high 733.90
52-Week low 172.30
P/E 23.55
Mkt Cap.(Rs cr) 1,110
Buy Price 0.00
Buy Qty 0.00
Sell Price 694.90
Sell Qty 202.00

Visaka Industries Ltd. (VISAKAIND) - Company History

Visaka Industries Ltd, a joint sector company promoted by G V Kalavati, G Vinod, G Vevekanad and APSIDC. The company was originally incorporated in the name of Visaka Asbestos Cement Products in Jun 81 and acquired it's present name in Aug 1990. The other group companies are Visaka Cement Industry, Venus Tobacco Company and VST Natural Products. VIL is engaged in the manufacture of fibre cement products and synthetic blended yarn. It came out with a rights issue aggregating Rs.5.07 cr.( 29.85 lac equity shares at a premium of Rs 7,) to part-finance the Rs.23.07 crore expansion project at it's existing synthetic yarn facility at Nagpur. In May '95, VIL obtained ISO 9002, the Quality System Certificate from the Bureau of Indian Standards for its textile division. In Nov'95, VIL came out with a rights issue aggregating 289.59 lacs in Jan 1996. In the year 1997-98, Asbestos unit at Paramathi Velur in Tamil Nadu commenced commercial production. To bring about syngergy in its operations, the company is now negotiating a strategic investment alliance with M/s Shakti Roofing Pvt Ltd, a company producing asbestos cement products with an installed capacity of 36000 MTPA.