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Marvel Industries Ltd.

BSE: 532073 Sector: Industrials
NSE: N.A. ISIN Code: INE440D01014
BSE 05:30 | 01 Jan Marvel Industries Ltd
NSE 05:30 | 01 Jan Marvel Industries Ltd

Marvel Industries Ltd. (MARVELINDS) - Company History

Incorporated in the early '90s Marvel Industries manufactures fabrics and sacks with an installed capacity of 3000 tpa. The company's products are used for packing cement grains fertilisers etc.The expanded capacity from 1020 tpa to 3000 tpa commenced commercial production from Sep.'94. Its products have been well accepted in the market.It has embarked on an expansion to increase the capacity by 1800 tpa. Also it has finalised plans for diversification by setting up a unit to manufacture cast polypropylene film with a capacity of 2500 tpa.At the end of the financial year 1999-2000 the networth of the company has been completely eroded by the accumulated losses and hence the company has become a sick industrial company and neccesary reference is being filed with the BIFR.