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Triveni Glass Ltd.

BSE: 502281 Sector: Industrials
NSE: TRIVENSHET ISIN Code: INE094C01011
BSE 00:00 | 22 Mar 10.01 -0.29
(-2.82%)
OPEN

10.00

HIGH

10.25

LOW

10.00

NSE 05:30 | 01 Jan Triveni Glass Ltd
OPEN 10.00
PREVIOUS CLOSE 10.30
VOLUME 4750
52-Week high 17.85
52-Week low 8.60
P/E 5.62
Mkt Cap.(Rs cr) 13
Buy Price 10.00
Buy Qty 500.00
Sell Price 10.74
Sell Qty 200.00
OPEN 10.00
CLOSE 10.30
VOLUME 4750
52-Week high 17.85
52-Week low 8.60
P/E 5.62
Mkt Cap.(Rs cr) 13
Buy Price 10.00
Buy Qty 500.00
Sell Price 10.74
Sell Qty 200.00

Triveni Glass Ltd. (TRIVENSHET) - Company History

Incorporated in Dec.'71, Triveni Sheet Glass Works, presently Triveni Glass Ltd (TGL) commenced business in Feb.'72. Other major group companies are Hindustan Safety Glass and Uttar Pradesh Safety Glass. In Oct.'94, the company came out with a public issue of 16.62 lac equity shares at a premium of Rs 90 for the Indian public and Rs 110 for NRIs; aggregating Rs 17.31 cr to part-finance the Rs 150-cr project to set up a manufacturing facility for float glass in Allahabad. The Company having its works in Allahabad, Meerut and Rajahmundry. TGL manufactures a wide variety of flat glass including sheets and figured wired glass used in the automobile and construction industries. The company has a technical collaboration with CMIEC, China, to manufacture float glass. It has been a regular exporter of float glass and has been the winner of the CAPEXCIL award for excellence in exports of glass for four consecutive years -- from 1988 to 1991. Due to accumulated losses and erosion of more than 50% of peak networth of the company during 1999-2000, the company has made a reference to the BIFR.Due to paucity of funds the company could not take up the project for Reflective Coating Glass in 2000-2001 but the same was taken up in 2001-02 and trial runs for Relfective Coating Glass was started in June,2002.