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Garg Furnace Ltd.

BSE: 530615 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE194E01015
BSE 00:00 | 05 May 23.00 0
(0.00%)
OPEN

22.00

HIGH

23.00

LOW

22.00

NSE 05:30 | 01 Jan Garg Furnace Ltd
OPEN 22.00
PREVIOUS CLOSE 23.00
VOLUME 20
52-Week high 25.75
52-Week low 8.64
P/E 10.90
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.00
CLOSE 23.00
VOLUME 20
52-Week high 25.75
52-Week low 8.64
P/E 10.90
Mkt Cap.(Rs cr) 9
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 48000 tpa to 72000 tpa and to also to set up a wire rod mill with an installed capacity of 30000 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.

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