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Asian Consolidated Industries Ltd.

BSE: 500022 Sector: Industrials
NSE: ASIANCONSO ISIN Code: N.A.
BSE 05:30 | 01 Jan Asian Consolidated Industries Ltd
NSE 05:30 | 01 Jan Asian Consolidated Industries Ltd

Asian Consolidated Industries Ltd. (ASIANCONSO) - Company History

Asian Consolidated Industries (ACIL), incorporated as Asian Can on 18 Jan.'85 and promoted by R C Jain and Alok Jain, is a pioneer in packaging beverages. It manufactures open-top sanitary cans and general line metal cans with a capacity to process 8578.98 tonnes of metal sheets, in technical collaboration with the Lamsoon group, Singapore. The company's clients for tin cans include Nestle, Glaxo, Dalmiya Dairy Products, Hindustan Petroleum, Lipton India, Asian Paints, Indian Oil Corporation, etc. The company has already implemented a Rs 160-cr project at Shahjahanpur, Rajasthan, to manufacture two-piece aluminium beverage cans for beer and soft drinks in collaboration with CMB Packaging, France - a global Fortune-500 company. ACIL came out with a Rs 38.10-cr issue of FCDs to part-finance this project. The company will also be setting up a project with similar facilities in Maharashtra. An integrated beverage complex with facilities to market soft drinks, mineral water, fruit juices and processed barley malt cans is also being set up at the same complex.