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Sicagen India Ltd.

BSE: 533014 Sector: Others
NSE: SICAGEN ISIN Code: INE176J01011
BSE 00:00 | 08 Aug 29.70 1.40
(4.95%)
OPEN

28.35

HIGH

30.50

LOW

28.35

NSE 05:30 | 01 Jan Sicagen India Ltd
OPEN 28.35
PREVIOUS CLOSE 28.30
VOLUME 21757
52-Week high 33.85
52-Week low 19.20
P/E 44.33
Mkt Cap.(Rs cr) 118
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 28.35
CLOSE 28.30
VOLUME 21757
52-Week high 33.85
52-Week low 19.20
P/E 44.33
Mkt Cap.(Rs cr) 118
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sicagen India Ltd. (SICAGEN) - Company History

Sicagen India Ltd is India's leading provider of trading and marketing services for construction-related industrial and retail infrastructure. The company in engaged in the trading of building materials such as mild steel (MS)/galvanized iron (GI) pipes precision tubes seamless tubes rectangular/square hollow sections construction steel including thermo mechanically treated (TMT) steel rebars polyvinyl chloride (PVC) pipes electrical cables steel fittings and cement. They sell their building materials to dealers contractors builders and corporate buyers; and commercial vehicles to corporates retail vendors and high income individuals.The company operates dealership of commercial vehicles for Tata Motors ranging from the 0.75-ton Tata Ace to Tata Novus with showrooms in Chennai and Tiruchirapalli covering 11 districts of Tamil Nadu India. In addition they provides governor services; travel-related and cargo services; and water treatment and process improvement solutions. Further the company builds passenger and cargo vessels boats tugs and barges. Sicagen India Ltd was incorporated on June 11 2004 as a public limited company. As per the scheme of arrangement the Trading Services and Coffee Plantation undertakings of Sical Logistics Ltd with all the assets and liabilities relating to these undertakings were de-merged and transferred to the company with effect from October 1 2006. Also South India House Estates & Properties Ltd became a wholly owned subsidiary company pursuant to the scheme of arrangement.During the year 2008-09 the company entered into a distribution arrangement with IMI Norgren Herion (P) Ltd Noida for marketing of Norgren products such as cylinders scoop tube actuators solenoid valves pneumatic accessories etc to State Electricity Boards and Captive Power Plants in 10 States. Thy acquired Speciality Chemicals during the year which had their chemical plant is located at Pondicherry and produces eco-friendly speciality chemicals such as water treatment chemicals radiator coolants etc.During the year the company entered into a business transfer agreement for acquiring the drums manufacturing business located at Minjur Chennai. This division manufactures Plain/Epoxy lacquer coated industrial type MS barrels. Also they hived off their wind mill operations and coffee estates during the year. The company increased the existing shareholding in SDB Cisco India Ltd and thus SDB Cisco (India) Ltd and their subsidiary Modern Protection & Investigations Ltd became subsidiaries of the company with effect from March 28 2009.During the year 2009-10 the Building Materials division obtained Super Stockistship from Tulsyan NEC Ltd to market TMT rebars in the Union territory of Pondicherry & South Arcot District of Tamilnadu and Stockistship from Dalmia Cements Bharat Ltd and Madras Cements Ltd to deal in different grades of cement. This division also bagged the dealership from SAIL for four more locations namely Secunderabad Salem Erode and Palakkad. Also they obtained distributorship for Zenith Pipes in Karnataka and distributorship for Zuari Cements in Tamilnadu.During the year the company set up one Woodward Authorized service facility at New Delhi. The Drums & Barrels division bagged an order from BPCL for supply of 20 gauge plain barrels. Also they hived of their travel business during the year. In August 2010 the company sold their investment held in the subsidiary SDB Cisco (India) Ltd to Innovative Salary Services and Payroll Advisory Pvt Ltd.The company is set to acquire Singapore-based Wilson Cables Pvt Ltd. The acquisition will help the company to enter into the Singapore market.

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