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Rajdarshan Industries Ltd.

BSE: 526662 Sector: Others
NSE: ARENTERP ISIN Code: INE610C01014
BSE 00:00 | 30 Jun 32.10 -0.90
(-2.73%)
OPEN

33.00

HIGH

33.00

LOW

30.75

NSE 00:00 | 30 Jun 30.90 -1.85
(-5.65%)
OPEN

33.90

HIGH

33.90

LOW

30.45

OPEN 33.00
PREVIOUS CLOSE 33.00
VOLUME 116
52-Week high 75.05
52-Week low 15.40
P/E 18.66
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 33.00
CLOSE 33.00
VOLUME 116
52-Week high 75.05
52-Week low 15.40
P/E 18.66
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rajdarshan Industries Ltd. (ARENTERP) - Company History

Originally incorporated in Dec.'80 as a private limited company at Jaipur A R Enterprises (AREL) was subsequently converted into a public limited one in Dec.'92.For expansion and to diversify into mechanised mining of marble blocks from its own mines the company came out with public issue in 1994.Rajasthan possesses extensive reserves of marble especially of the green variety. Most other companies in Rajasthan employ primitive methods of mining like blasting and drilling resulting in very low recovery rates as low as 15-20%. AREL has employed mechanised mining techniques in three of its green marble mines. This has resulted in the removal of large blocks of marble in high demand overseas and fetching far better value and higher recovery rates (around 65-70%).According to the contract signed with Edilmarmi Italy the latter will take up 50% of AREL's production of marble blocks. Similarly for the domestic market the company has entered into an MoU with Madhav Marbles & Granites which will pick up 25% of its marble products. The company is planning to expand its mining activities in the near future.

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