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Ocean Agro (India) Ltd.

BSE: 519491 Sector: Industrials
NSE: N.A. ISIN Code: INE049J01010
BSE 00:00 | 19 Jul 18.75 -0.55
(-2.85%)
OPEN

18.60

HIGH

18.75

LOW

18.60

NSE 05:30 | 01 Jan Ocean Agro (India) Ltd
OPEN 18.60
PREVIOUS CLOSE 19.30
VOLUME 26
52-Week high 43.40
52-Week low 18.60
P/E 39.89
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 18.60
CLOSE 19.30
VOLUME 26
52-Week high 43.40
52-Week low 18.60
P/E 39.89
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ocean Agro (India) Ltd. (OCEANAGROI) - Company History

Incorporated in Jun.'90 as a private limited company, Ocean Agro (India) (OAL) was converted into a public limited company in Apr.'94. The promoters of the company are Kaushik B Parikh and Maharbhai D Patel. Kaushik B Parikh is the managing director of OAL. It manufactures hi-tech polymer packaging material and bio-stimulants. The company's manufacturing units are located at Nandesari the Baroda district. In Jul.'94, it came out with its initial public issue of 39 lac equity shares (premium : Rs 40), aggregating Rs 19.5 cr. The main objectives of the issue were to part-finance a Rs 30.54-cr project to remove bottlenecks in its plastics division, incorporate automation wherever possible for increasing the capacity, enhance plant capacity of the bio-stimulants division and set up a nationwide marketing network. In 1995, the company set up a drip/sprinkler irrigation system in Baroda for which it received subsidies from the Gujarat government. It has also set up a solar photovoltaic pumping system for agricultural purposes with financial assistance from IREDA.