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Mcleod Russel India Ltd.

BSE: 532654 Sector: Agri and agri inputs
NSE: MCLEODRUSS ISIN Code: INE942G01012
BSE 15:40 | 27 Oct 27.45 1.30
(4.97%)
OPEN

26.85

HIGH

27.45

LOW

26.00

NSE 15:31 | 27 Oct 27.45 1.30
(4.97%)
OPEN

26.05

HIGH

27.45

LOW

25.95

OPEN 26.85
PREVIOUS CLOSE 26.15
VOLUME 113646
52-Week high 43.35
52-Week low 17.10
P/E
Mkt Cap.(Rs cr) 287
Buy Price 27.45
Buy Qty 28104.00
Sell Price 0.00
Sell Qty 0.00
OPEN 26.85
CLOSE 26.15
VOLUME 113646
52-Week high 43.35
52-Week low 17.10
P/E
Mkt Cap.(Rs cr) 287
Buy Price 27.45
Buy Qty 28104.00
Sell Price 0.00
Sell Qty 0.00

Mcleod Russel India Ltd. (MCLEODRUSS) - Company History

The flagship tea company of the B M Khaitan group McLeod Russel India Limited (MRIL) was originally incorporated as Eveready Company India Private Limited on 5th May 1998. MRIL is the world's largest tea plantation company which produce over 70 million kilos of high quality tea from our 53 tea estates in Assam and West Bengal. As the largest Indian tea exporter the company maintains strong connections with buyers in the United Kingdom and Europe. The Company's tea is marketed under the registered Elephant trade mark. Apart from the tea McLeod Russel has over the past five years been closely working with local towns and villages throughout North East India with the cultivation of Jatropha (Jatropha curcas) under Agricultural project which is used to make D1 Oil - Bio Diesel. MRIL has the certification for various credentials to its products from Fairtrade Labelling Organisation International (FLO) Hazard Analysis Critical Control Point (HACCP) Suppliers Ethical Data Exchange (SEDEX) and Ethical Tea Partnership (ETP). The Company became a deemed Public Company and the word Private' was deleted on 6th July 2000. The Bulk Tea Division of Eveready Industries India Limited (EIIL) with all its assets (including 28 Tea Estates) liabilities rights and obligations has been transferred to and vested in the company with retrospective effect from 1st April of the year 2004. The Company subsequently amended its Articles of Association to exclude the restrictive Clauses applicable to Private Limited Companies and remained a Public Limited Company. The name of the Company was changed to McLeod Russel India Limited (MRIL) with effect from 14th February 2005. In July of the year 2005 McLeod Russel had acquired Borelli Tea Holdings Limited from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam Ltd. With further acquisitions of the Doom Dooma Tea Company and the Moran Tea Company India in 2006 and 2007 respectively the company established itself to be the largest tea producing company in the world. In October of the year 2007 Moran Tea Company (India) became as a subsidiary of the company. The BOD of the company had approved the scheme of amalgamation of The Moran Tea Company India with Mcleod Russel India during February of the year 2008 with requisite majority. In October of the same year 2008 MRIL's subsidiary Borelli Tea Holdings has signed a term sheet with SA SIPEF NV of Belgium for acquisition of 100% equity stake in Phu Ben Tea Company of Vietnam at a cost of USD 2 million. Mcleod Russel India Ltd plans a capital expenditure of 250 million rupees this financial year 2008-09.

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