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Sharat Industries Ltd.

BSE: 519397 Sector: Others
NSE: SHARTSEFOD ISIN Code: INE220Z01013
BSE 00:00 | 10 May 28.00 0
(0.00%)
OPEN

29.00

HIGH

29.15

LOW

28.00

NSE 05:30 | 01 Jan Sharat Industries Ltd
OPEN 29.00
PREVIOUS CLOSE 28.00
VOLUME 476
52-Week high 34.35
52-Week low 18.40
P/E 23.33
Mkt Cap.(Rs cr) 62
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 29.00
CLOSE 28.00
VOLUME 476
52-Week high 34.35
52-Week low 18.40
P/E 23.33
Mkt Cap.(Rs cr) 62
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sharat Industries Ltd. (SHARTSEFOD) - Company History

Sharat Industries Ltd. formerly known as Sharat Seafoods was incorporated on 7 May '90 and became public in 1992. It was promoted by S Prasad Reddy Smt S Devaku and Top Fortune International Singapore.Engaged in acquaculture the company's products are processed prawn quality hatched seed and feed. Processed shrimps are marketed as individually quick frozen shrimps cooked individually quick frozen shrimps and contact frozen shrimps.The company has a collaboration and a buy-back agreement with High Won Fishery Development Corporation Singapore.The civil works for the Processing Plant are complete and the necessary machinery has been imported during the year. The commissioning of the Processing Plant was delayed due to adverse conditions of the Aqua industry. The equipment for the Feed Mill has been completed. Company has taken several steps to prevent the virus effecting to crop such as cholorinating the water before being pumped into the ponds which giving good results and also expected a good yield in the future.Company has become a sick industrial company therefore directors have refered to BIFR to determine the measures for rehabilitation of the Company but was rejected by the same and hence for the current year 1999-2000 due to the accumulated lossess the company is making a fresh reference to BIFR.IFCI has been appointed as the operating agency by the Board.

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