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Gillanders Arbuthnot & Company Ltd.

BSE: 532716 Sector: Others
NSE: GILLANDERS ISIN Code: INE047B01011
BSE 00:00 | 05 May 40.00 -1.00
(-2.44%)
OPEN

42.90

HIGH

42.90

LOW

39.35

NSE 00:00 | 05 May 39.90 -0.60
(-1.48%)
OPEN

42.45

HIGH

42.45

LOW

39.25

OPEN 42.90
PREVIOUS CLOSE 41.00
VOLUME 3588
52-Week high 51.15
52-Week low 17.85
P/E
Mkt Cap.(Rs cr) 85
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 42.90
CLOSE 41.00
VOLUME 3588
52-Week high 51.15
52-Week low 17.85
P/E
Mkt Cap.(Rs cr) 85
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gillanders Arbuthnot & Company Ltd. (GILLANDERS) - Company History

Gillanders Arbuthnot & Company (GACL) was incorporated in 1947 and is in the business of cultivation and marketing of tea. The company is also into manufacture of Kalamazoo Binders and Accessories Kalamazoo Sheets Continuous Conveyor Belt Weighers and Plastic containers.The company operates with five divisions i.e. Tea Kalamazoo Adequate Weighters and Property divisions. The tea division produces saleable tea produced from it's own plantations and purchased green leafs. GACL has diversified into manufacture of HDPE containers by setting up a project in Janakipuram in Chengalpattu District of Tamilnadu at an outlay of 17 crores. The project was funded by a term loan of Rs.10.35 crores from ICICI and the balance from internal accruals. This project also manufactures handling cans and containers with a capacity of 20 to 100 ltrs. Commercial production commenced on first half of 1996. Presently the capacity stood at 370000 Nos per annum.The company during September 1998 has issued Bonus shares in ratio of one share for every one share held there by taking the share capital to Rs. 4.76 crs. Jutlibari Tea Tengpani Tea Waldies and Gillanders Investments and Services are the subsidiaries. Gillanders has acquired GIS Ltd during the year 2005 and pursuant to this amalgamationthe company will issue One Equity Share of Rs.10 each for every Three Equity Shares held by the shareholders of GIS Ltd.

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