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Madhusudan Industries Ltd.

BSE: 515059 Sector: Others
NSE: MADSUDIND ISIN Code: INE469C01023
BSE 15:40 | 29 Jul 19.35 -0.75
(-3.73%)
OPEN

19.30

HIGH

21.05

LOW

19.10

NSE 05:30 | 01 Jan Madhusudan Industries Ltd
OPEN 19.30
PREVIOUS CLOSE 20.10
VOLUME 1750
52-Week high 23.40
52-Week low 8.65
P/E 2.91
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 19.30
CLOSE 20.10
VOLUME 1750
52-Week high 23.40
52-Week low 8.65
P/E 2.91
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Madhusudan Industries Ltd. (MADSUDIND) - Company History

Incorporated in Feb.'46 Madhusudan Industries (formerly Madhusudan Vegetable Products Company) now better known for its CERA range of sanitaryware and tiles has emerged as a major force in the Indian ceramic industry. In 1980-81 it entered the sanitaryware industry with its own technology. In 1987-88 it achieved a production of 8240 tpa (about 92% of the capacity). The company also exports sanitaryware to the Gulf countries. The company has the units at Ahmedabad Mehsana Chittorgarh and Jamnagar. The company went public in Oct.'89 to expand the capacity of the tile unit from 7000 tpa to 14000 tpa; to manufacture glazed tiles and also to raise the capacity of the solvent extraction plant from 25500 tpa to 45000 tpa. In Nov.'92 the company offered PCDs on a rights basis to part-finance its Rs 25-crore modernisation plan. Today it has an installed capacity of 36000 tpa of vanaspati and refined oils 23000 tpa of cotton seed decortication 13500 tpa of oil mill expelling 15000 tpa of vitreous china sanitaryware 7000 tpa of ceramic tiles 180000 tpa of oil cake extraction 3600 tpa of soap 7500 tpa of refined vegetable oils. The company imported technology from West Germany UK & Italy. Cera Leasing Finance & Industries and Madhusudan Ceramics Industries are the subsidiaries of the company. The company continues to be first and the only sanitaryware manufacturer with ISO 9002 certification - the international recognition for quality system. The company has decided to hive off its Ceramic Division by approving the Scheme of Arrangement and Reconstruction in the nature of De-merger. The de-merged Ceramic Division of the company will be transferred to another company Madhusudan Oils and Fats Ltd.

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