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Hindustan Tin Works Ltd.

BSE: 530315 Sector: Industrials
NSE: HINDTINWRK ISIN Code: INE428D01019
BSE 00:00 | 19 Sep 55.40 -1.35
(-2.38%)
OPEN

57.10

HIGH

57.10

LOW

53.80

NSE 05:30 | 01 Jan Hindustan Tin Works Ltd
OPEN 57.10
PREVIOUS CLOSE 56.75
VOLUME 12419
52-Week high 84.00
52-Week low 42.00
P/E 8.38
Mkt Cap.(Rs cr) 58
Buy Price 53.50
Buy Qty 200.00
Sell Price 54.45
Sell Qty 39.00
OPEN 57.10
CLOSE 56.75
VOLUME 12419
52-Week high 84.00
52-Week low 42.00
P/E 8.38
Mkt Cap.(Rs cr) 58
Buy Price 53.50
Buy Qty 200.00
Sell Price 54.45
Sell Qty 39.00

Hindustan Tin Works Ltd. (HINDTINWRK) - Company History

Hindustan Tin Works was incorporated Dec.'58 as a private limited company to trade in and manufacture tin metal containers and tin sheets. The company was converted into a public limited company in Dec.'93. The company's product range includes various types of tin/metal containers used in packaging baby foods, edible oils, paints, pure ghee, lubricants etc. The market leader in the industry, its clientele includes Nestle India, Heinz India (P) Ltd, Brooke Bond Lipton, Dalmia Industries, Indian Oil Corporation, HPCL, Asian Paints, etc. As a part of expansion-cum-modernisation, it undertook to expand the capacity from 6500 tpa to 16,754 tpa by setting up an additional unit at Sahibabad, UP. The project was part financed by a public issue in Mar.'95. It also implemented a printing project in 1994-95 to facilitate in-house printing facility, to reduce the printing cost. The company acquired a sophisticated plant to manufacture a wide range of cans of different diameters. This plant at Murthal (Sonepat district), Haryana, became operational in Mar.'96. During 1997-98, the company issued 27343 equity shares of Rs 10/- each to shareholders of erstwhile Conwel Cans India Ltd in terms of merger as per BIFR order dated 9/12/96. Company has conferred award for export excellence by EEPC, also company taking lot of measures to improve the export business. The Company completed its restructuring exercise and has taken measures to upgrade machinery in terms of quality and speed in both the units.