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Kanpur Plastipack Ltd.

BSE: 507779 Sector: Industrials
NSE: N.A. ISIN Code: INE694E01014
BSE 00:00 | 16 Jan 134.00 -0.90
(-0.67%)
OPEN

135.85

HIGH

135.85

LOW

130.35

NSE 05:30 | 01 Jan Kanpur Plastipack Ltd
OPEN 135.85
PREVIOUS CLOSE 134.90
VOLUME 9450
52-Week high 171.25
52-Week low 95.00
P/E 9.39
Mkt Cap.(Rs cr) 192
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 135.85
CLOSE 134.90
VOLUME 9450
52-Week high 171.25
52-Week low 95.00
P/E 9.39
Mkt Cap.(Rs cr) 192
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kanpur Plastipack Ltd. (KANPURPLASTIPA) - Company History

Promoted by M S Agarwal in 1971 Kanpur Plastipack started as a small scale industry and has grown to become a medium sized manufacturer of woven sacks. The company had put up a plant in Kanpur at a cost of Rs 460 lac to manufacture 1425 tpa which was later on increased to 1890 tpa. It also set up additional facilities to manufacture paper lined plastic bags. In Oct.'86 the company came out with a public issue to part-finance the expansion of its capacity from 1890 tpa to 3755 tpa. Its client list includes IEL IFFCO FACT J K Synthetics Straw Products etc.In 1990 the company started producing paper lined plastic bags at its plant which was lying idle for the last two years. The adverse market conditions impact of the Jute Packing Control Order and various other reasons affected the operations of the company. It suffered continuous losses thereby becoming a potentially sick unit. Subsequently it came into the purview of the BIFR in 1991. The BIFR sanctioned a rehabilitation package in Jul.'92 which was implemented by the company.During 1999-2000 the company has been granted ISO 9002 Certification by NQA Quality Systems Registrar Ltd. accredited by Dutch Council for Certification (RVC).