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Shri Gang Industries & Allied Products Ltd.

BSE: 523309 Sector: Consumer
NSE: N.A. ISIN Code: INE241V01018
BSE 00:00 | 08 Aug 116.30 5.50
(4.96%)
OPEN

116.30

HIGH

116.30

LOW

105.30

NSE 05:30 | 01 Jan Shri Gang Industries & Allied Products Ltd
OPEN 116.30
PREVIOUS CLOSE 110.80
VOLUME 16505
52-Week high 116.30
52-Week low 2.59
P/E 37.28
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 116.30
CLOSE 110.80
VOLUME 16505
52-Week high 116.30
52-Week low 2.59
P/E 37.28
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shri Gang Industries & Allied Products Ltd. (SHRIGANGINDUS) - Company History

Incorporated in Aug.'89 Suraj Vanaspati is a joint venture between Suraj Gupta and Associates and the Pradeshiya Industrial Corporation of Uttar Pradesh (PICUP). The company set up a 20625 tpa vanaspati plant and a 25-tpd refinery in the Kangra district of Himachal Pradesh. It came out with a public issue in Aug.'93 to part-finance the project.Commercial production commenced in Mar.'90. Its products are marketed under the Apna brand name. In 1993 the company launched an expansion programme and increased the capacity from 33000 tpa to 36594 tpa which was again increased to 49500 in 1994.During the year 1999-2000 there has been a 100% erosion in the net worth of the company. Hence the company has become a Sick Industrial Company and a reference is made to the Board of Industrial Financial Reconstruction.IDBI has been appointed as an Operating Agency for formulating the Rehabilitation Scheme for the company.The Rehabilitation Scheme is under preparation.

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