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Movilex Irrigation Ltd.

BSE: 526411 Sector: Industrials
NSE: N.A. ISIN Code: INE857A01015
BSE 05:30 | 01 Jan Movilex Irrigation Ltd
NSE 05:30 | 01 Jan Movilex Irrigation Ltd

Movilex Irrigation Ltd. (MOVILEXIRRIGATN) - Company History

Formerly known as Movilex Plastics, Movilex Irrigation, which entered the capital market in Feb.'94, has been serving the irrigation field for the past 14 years. Incorporated to manufacture ISI-grade rigid PVC pipes, it has diversified into various areas of irrigation like drip and sprinkler irrigation systems, greenhoses and water conditioners. In PVC pipes, too, the company has forayed into the manufacture of various applications such as SWR pipes, greenhoses, blue threaded plumbing pipes, etc. The company has obtained the ISI license for its micro irrigation system. The first Indian company with total irrigation facilities, Movilex has successfully tied up with five companies in Israel and one in the US to take advantage of the latest irrigation technologies. Movilex has implemented expansion-cum-diversification projects to expand the product range of the drip and sprinkler irrigation systems by installing extruders for HDPE pipes, diversify into PVC pressure fittings for agriculture with an installed capacity of 360 tpa. The entire project of Rs 9 cr was funded out of internal resources and institutional borrowings. The company has entered into strategic tie-ups for Development of market for widely accepted Banking & E-commerce solutions in Gujarat as Business Alliance Partner of Nextstep Infotech Pvt Ltd and Magic Group of Companies.