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Hindustan Adhesives Ltd.

BSE: 514428 Sector: Industrials
NSE: N.A. ISIN Code: INE074C01013
BSE 00:00 | 25 Jun 89.45 -0.90
(-1.00%)
OPEN

86.00

HIGH

97.00

LOW

84.30

NSE 05:30 | 01 Jan Hindustan Adhesives Ltd
OPEN 86.00
PREVIOUS CLOSE 90.35
VOLUME 640
52-Week high 150.00
52-Week low 60.50
P/E 18.41
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 86.00
CLOSE 90.35
VOLUME 640
52-Week high 150.00
52-Week low 60.50
P/E 18.41
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hindustan Adhesives Ltd. (HINDADHESIVE) - Company History

Incorporated on 5 Apr.'88, Hindustan Adhesives (HAL) was promoted L K Bagla and M S Bagla for manufacturing bi-axially oriented polypropylene (BOPP) self-adhesive tapes (cap. : 52 mln sq mtr pa) and BOPP films (cap. : 2500 tpa), at Ghaziabad, UP. The company has state-of-the-art equipment like the acrylic adhesive coating machine, hot melt coating and adhesive making machine and BOPP film making equipment. The BOPP adhesive tapes are mainly used in the packaging industry. HAL markets these tapes under the brand names Mystic, Stic Me, and Boss Tech, while its major clients include the Jindal group, SIEL, Dabur and Parasrampuria. The film manufactured by the BOPP film plant is used captively for manufacturing PSA tapes. In 1994, the company implemented its backward integration project for manufacturing bi-axially oriented poly-propylene films. To part-finance this project, the company came out with an issue of equity shares at a premium of Rs 15 in Aug.'94. The company has expanded its BOPP film plant by installing another plant of 1300 tpa. The project was funded through internal accruals. During 1999-2000, the company was awarded ASIASTAR' 99 award from the Asian Packaging Federation for developing self-adhesive tear tapes of world-class quality. As the demand for BOPP film products was increasing the company has opened the BOPP film unit which was closed since last 4 years.