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Porwal Auto Components Ltd.

BSE: 532933 Sector: Engineering
NSE: N.A. ISIN Code: INE386I01018
BSE 00:00 | 09 Dec 26.00 -0.40
(-1.52%)
OPEN

27.70

HIGH

27.70

LOW

25.50

NSE 05:30 | 01 Jan Porwal Auto Components Ltd
OPEN 27.70
PREVIOUS CLOSE 26.40
VOLUME 825
52-Week high 32.90
52-Week low 17.45
P/E
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 27.70
CLOSE 26.40
VOLUME 825
52-Week high 32.90
52-Week low 17.45
P/E
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Porwal Auto Components Ltd. (PORWALAUTOCOMP) - Company History

The Company was incorporated on February 03 1992 as a Porwal Auto Components private limited. The Company was converted into a Public Limited Company on September 09 1992 with the name 'Porwal Auto Components Limited'. Mr. Surendra Jain Mr. Devendra Jain and Mr. Mukesh Jain were promoted the company. The Company has received a 1S0/TS 16949:2002. The company has engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 T per annum which is presently upgraded to 9000 MT per annum in order to enhance the product profile and cater to larger customer base. The company has implemented a large-scale expansion programme to increase the capacities upto 27600 MTA. The expansion programme has commenced from January 2005. The total expansion would be completed by June 2008.To part finance the expansion programme during January 2006 the Company had made a preferential allotment of 8000000 equity shares out of which 4300000 equity shares were allotted to promoter group and the balance 3700000 equity shares were allotted to Porwal Finsec Pvt. Ltd. (Acquirer) a non-promoter Company. The acquirer has complied with SEBI (SAST) Regulations and an Open Offer was made to the equity shareholders of PACL.

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