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Willard India Ltd.

BSE: 504227 Sector: Agri and agri inputs
BSE 05:30 | 01 Jan Willard India Ltd
NSE 05:30 | 01 Jan Willard India Ltd

Willard India Ltd. (WILLARDLTD) - Company History

Willard India (WIL) was incorporated as a public limited company on 11 May '73. Chitavalsah Jute Mills one of the units of B P Bajoria took over this company and effected a reverse merger with effect from 1 Aug.'79. Its plants are in Andhra Pradesh and Uttar Pradesh. WIL was originally promoted by K P Singh and then by B P Bajoria.It came out with a public issue of 6.02 lac 15% FCDs of Rs 300 at par aggregating Rs 18.08 cr in Jan.'93 to finance the capital cost of the proposed 2500-tcd sugar project and to meet the margin money requirement for working capital at a project cost of Rs 45 cr. The company has 2 divisions the battery division at Bulandshahr UP manufacturing lead acid storage batteries; and the jute division manufacturing jute goods twine sacking bags and sugar. WIL's major clients are TELCO PAL HM M&M DCM Toyota etc. The battery division of WIL is in technical and financial collaboration with Japan Storage Battery Company Japan. WIL has tied up with Eco-Energy International Corporation (EIC) US for an expansion project. The Bajorias also promoted Indo Flogates in 1979; IFGL Refractories in technical and financial collaboration with Harima Ceramics Japan; Darjeeling Consolidated; Marshall Sons & Company; and Solarson Industries. In 1993-94 WIL also promoted Mobar India an international trading house in association with Russi Mody; AIOC US; and ROE Germany. WIL is also contemplating to manufacture chemicals using molasses.