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IVP Ltd.

BSE: 507580 Sector: Industrials
NSE: IVP ISIN Code: INE043C01018
BSE 00:00 | 20 Feb 45.05 2.00
(4.65%)
OPEN

46.90

HIGH

47.85

LOW

45.00

NSE 00:00 | 20 Feb 44.35 -0.45
(-1.00%)
OPEN

48.50

HIGH

48.50

LOW

43.45

OPEN 46.90
PREVIOUS CLOSE 43.05
VOLUME 116
52-Week high 142.45
52-Week low 43.05
P/E
Mkt Cap.(Rs cr) 47
Buy Price 43.55
Buy Qty 5.00
Sell Price 45.00
Sell Qty 10.00
OPEN 46.90
CLOSE 43.05
VOLUME 116
52-Week high 142.45
52-Week low 43.05
P/E
Mkt Cap.(Rs cr) 47
Buy Price 43.55
Buy Qty 5.00
Sell Price 45.00
Sell Qty 10.00

IVP Ltd. (IVP) - Company History

Incorporated in 1929, IVP is a manufacturer of vanaspati, vegetable oils, plasticisers, spark plugs, foundry chemicals, etc. Initially known as Indian Vegetable Products, it was later taken over by the Atlanta group in 1985, from its owner, Forbes, Forbes and Campbell. Pioneering the manufacture of vanaspati in India in the thirties, the company has diversified and added a host of products in the past several decades. In 1964, the company started the foundry chemicals division. In 1978, the company diversified into industrial ceramics and spark plugs. It produces hi-alumina ceramic products like spray-dried hi-alumina powder for spark plugs and ceramic industries, hi-alumina thread guides for use in textile machinery and hi-alumina grinding media for the production of refractories, paints, cement and pharmaceuticals. The hi-alumina thread project was undertaken in collaboration with Fedmuhle Akg, Germany. The company also manufactures plasticisers and paints. IVP entered into an agreement with Industrie Magneti Marelli, Milan, Italy, for the production of automotive spark plugs. To improve the efficiency of the steel division, the company has entered into an agreement with London and Scandinavian Metallurgical Company, UK. In 1983, IVP made a breakthrough on the export front. Its overseas markets include the US, the UK, Germany, Italy, France, Poland, Czechoslovakia, Malaysia, UAE, Saudi Arabia, etc. During 2001 the company made a buyback of shares of 1,03,26,263 equity shares of Rs.10/- each at a price not exceeding Rs.22/- per Equity Share.