You are here » Home » Companies » Company Overview » Garg Furnace Ltd

Garg Furnace Ltd.

BSE: 530615 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE194E01015
BSE 00:00 | 16 Nov 12.00 0
(0.00%)
OPEN

12.00

HIGH

12.00

LOW

12.00

NSE 05:30 | 01 Jan Garg Furnace Ltd
OPEN 12.00
PREVIOUS CLOSE 12.00
VOLUME 419
52-Week high 13.12
52-Week low 10.00
P/E 2.41
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.00
CLOSE 12.00
VOLUME 419
52-Week high 13.12
52-Week low 10.00
P/E 2.41
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Garg Furnace Ltd. (GARGFURNACE) - Company History

Incorporated in Dec.'73 as a private limited company, Garg Furnace was converted into a public limited company in Feb.'76. Promoted by Dharam Pal Garg and Jagdish Chand Garg, Garg Furnace manufactures alloy steel. Its manufacturing facilities are situated at Ludhiana, Punjab. The company commenced operations in 1974 with a 1-tonne capacity arc furnace to manufacture steel casting. In 1981, the arc furnace was scrapped, as its technology was not so successful and during the same year, it installed a 0.5-metric tonne capacity induction melting furnace. In 1988, it added a rolling mill for the manufacture of MS hot rolled rounds. The melting capacity was increased in the years 1989, 1991, 1994 and again in Mar.'93. In 1995, the company completed expansion-cum-forward integration plan to put up a new induction melting furnace to enhance its ingots manufacturing capacity from 48,000 tpa to 72,000 tpa and to also to set up a wire rod mill with an installed capacity of 30,000 tpa. It tapped the capital market in Apr.'95 to part-finance the project. The company's products are being supplied to Indian Railways, thermal power stations, cement plants, sugar mills and auto, bicycle and sewing machine parts manufacturers.