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National General Industries Ltd.

BSE: 531651 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE654H01011
BSE 00:00 | 17 Nov National General Industries Ltd
NSE 05:30 | 01 Jan National General Industries Ltd
OPEN 28.00
PREVIOUS CLOSE 28.35
VOLUME 94
52-Week high 28.35
52-Week low 27.00
P/E 2.70
Mkt Cap.(Rs cr) 16
Buy Price 28.35
Buy Qty 46.00
Sell Price 27.00
Sell Qty 6.00
OPEN 28.00
CLOSE 28.35
VOLUME 94
52-Week high 28.35
52-Week low 27.00
P/E 2.70
Mkt Cap.(Rs cr) 16
Buy Price 28.35
Buy Qty 46.00
Sell Price 27.00
Sell Qty 6.00

National General Industries Ltd. (NATLGENINDS) - Company History

National General Industries commenced operations as a sole proprietorship concern in 1967 by Ashok Kumar Gupta which was converted into a partnership firm in 1986. The firm was in the business of rolling constructional steels. A private limited company National General Industries Pvt Ltd was incorporated in Jan.'87 to take over the business of the joint stock company. Subsequently it was converted into a public limited company in Sep.'93. In 1987-88 the original promoters transferred majority of their shareholding in favour of A K Modi P K Modi and their family members.When the present promoters took over the management of the company a 450 mm rolling mill and a 250 mm rolling mill were in operation. The production capacity was 9600 tpa. A 300 mm rolling mill was installed in Sep.'94 replacing the 250 mm rolling mill and also modified the billet re-heating furnace which enhanced the capacity to 15000 tpa. The company replaced the 300 mm rolling mill with a 325 mm rolling mill in May '95. Presently the company produces round and square billets at its 325 mm and 450 mm rolling mills at Ghaziabad Uttar Pradesh. An expansion-cum-diversification project was undertaken by the company in 1995-96 to expand the capacity of the rolling mills from 15000 tpa to 33000 tpa and setting up a forging unit with a capacity of 2240 tpa. It came out with a public issue in Feb.'96 to part-finance its project and to augment long term working capital.In 1997-98 inspite of the bad economical conditions which adversely effected the steel industry's growth the profit after tax of the company has increased by over 43% as compare to the previous year.

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