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Jai Corp Ltd.

BSE: 512237 Sector: Industrials
NSE: JAICORPLTD ISIN Code: INE070D01027
BSE 00:00 | 22 Mar 110.80 -0.85
(-0.76%)
OPEN

113.00

HIGH

113.70

LOW

110.45

NSE 00:00 | 22 Mar 110.90 -0.50
(-0.45%)
OPEN

112.80

HIGH

113.80

LOW

110.25

OPEN 113.00
PREVIOUS CLOSE 111.65
VOLUME 172063
52-Week high 173.90
52-Week low 85.50
P/E 53.53
Mkt Cap.(Rs cr) 1,977
Buy Price 110.40
Buy Qty 500.00
Sell Price 110.80
Sell Qty 642.00
OPEN 113.00
CLOSE 111.65
VOLUME 172063
52-Week high 173.90
52-Week low 85.50
P/E 53.53
Mkt Cap.(Rs cr) 1,977
Buy Price 110.40
Buy Qty 500.00
Sell Price 110.80
Sell Qty 642.00

Jai Corp Ltd. (JAICORPLTD) - Company History

Jai Corp Limited (JCL) was incorporated in 6th June of the year 1985. It has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate. The Company has manufacturing facilities for Poly woven, Steel and Spinning in the states of Maharashtra, Dadra & Nagar Haveli and Gujarat. The Company obtained Certificate of Commencement of Business in 12th June of the year 1985. After a month, in July of the same year Jai Corp entered into the capital market with a public issue. JCL's own manufacturing facility with an installed capacity of 800 t.p.a at Murbad in Maharashtra was commenced commercial production in January of the year 1987 to manufacture HDPE/PP Woven Sacks. The second unit went on stream in January of the year 1990 with an installed capacity of 1,200 t.p.a at Murbad for manufacturing of FIBC fabrics and HDPE/PP Woven sacks. The Company then had set up its third unit at Silvassa, for manufacturing FIBC, popularly known as Jumbo Bags, where the commercial production commenced in February of the year 1992. The name of the company was changed from Jai Fibres Ltd to Jai Fibre Industries Ltd. A fresh certificate consequent to this name change was obtained in 6th December of the year 1993. Again the name was changed to Jai Corp Limited. As of 30th August 1994, consequent to the name change, a fresh incorporation certificate was obtained. During the year 2000-01, the company had established technical services & development cell to optimise process energy consumption and machine development. The 100% Export Oriented Unit was established at Village Kahdoli, Silvassa for manufacture of woven sacks, fabric etc in the year 2002-03. The Company had discontinued its manufacturing operations at plastic processing unit situated at Rakholi (Silvassa) from November of the year 2003. Jai Corp had promoted three number of Special Purpose Vehicles (SPV) for generation, transmission and distribution of Power to Special Economic Zone area. These SPVs are co-developer under the provisions of SEZ Act, 2005. These Companies are as under, Urban Energy Generation Pvt. Ltd, Urban Energy Transmission Pvt. Ltd and Urban Energy Distribution Pvt. Ltd. In September of the year 2007, the company had acquired Urban Infrastructure Venture Capital, Pet Fibres, Urban Infrastructure Trustee and Prime Wovens. Venture Capital and Urban Infrastructure Trustee had become wholly owned subsidiaries of the company with effect from 20th September of the year 2007 and also in the same year, with effect from 10th December, Jai Realty Ventures became wholly owned subsidiary of the company. During the year 2007-08, the company made foray into the global real estate business through its subsidiary company based in Mauritius. Jai Corp had strategize its presence in the IT and Telecom business through one of the associate company Urban Infotech Solutions Pvt Ltd.