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Rajdarshan Industries Ltd.

BSE: 526662 Sector: Others
NSE: ARENTERP ISIN Code: INE610C01014
BSE 00:00 | 12 Jul 12.95 0
(0.00%)
OPEN

12.95

HIGH

12.95

LOW

12.95

NSE 05:30 | 01 Jan Rajdarshan Industries Ltd
OPEN 12.95
PREVIOUS CLOSE 12.95
VOLUME 5
52-Week high 28.80
52-Week low 12.95
P/E 5.70
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.95
CLOSE 12.95
VOLUME 5
52-Week high 28.80
52-Week low 12.95
P/E 5.70
Mkt Cap.(Rs cr) 4
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.