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Garware-Wall Ropes Ltd.

BSE: 509557 Sector: Industrials
NSE: GARWALLROP ISIN Code: INE276A01018
BSE 00:00 | 18 Jun 1013.55 -14.20
(-1.38%)
OPEN

1024.90

HIGH

1030.55

LOW

1009.75

NSE 00:00 | 18 Jun 1017.90 -9.50
(-0.92%)
OPEN

1030.35

HIGH

1037.95

LOW

1015.00

OPEN 1024.90
PREVIOUS CLOSE 1027.75
VOLUME 473
52-Week high 1089.00
52-Week low 806.10
P/E 21.10
Mkt Cap.(Rs cr) 2,218
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1024.90
CLOSE 1027.75
VOLUME 473
52-Week high 1089.00
52-Week low 806.10
P/E 21.10
Mkt Cap.(Rs cr) 2,218
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Garware-Wall Ropes Ltd. (GARWALLROP) - Company History

Incorporated on 1 Apr.'76 in Bombay, Garware-Wall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc, US. In 1987, Wall Ind. divested its shareholding which was taken up by the promoters. The company manufactures synthetic yarn, cordage, twine, fishnet webbings & polypropylene multi-filament yarn. It came out with a rights issue in Nov.'95 to part-finance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune. The company entered into a technical collaboration with Toyo Kogyo, Japan, to manufacture fishnet webbing machines. It has decided to set up a subsidiary in the US. The company finalised a joint venture with a Danish company to set up a 100% EOU to manufacture braided wires. It has decided to diversify into the manufacture of heat-resistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda, UK, is being dismantled and will be re-erected in Wai by Mar.'96. In domestic market, Company concerted efforts in reaching out to the end-users have not only resulted in the imporvement of market share, but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market. The company has been awarded the Top Exporter Awards for the year 1998-99 during 1999-2000, both in "Fishnets/Fishing Line" and "Ropes" by `The Plastics Export Promotion Council'. The company has planned to develop Raschel nets for fish farming.