G
Garg Furnace Ltd
Steel
₹ (%)
₹ (%)
- NSE
- BSE
Overview
- BSE Code 530615
- NSE Symbol
- ISIN Demat INE194E01015
- Book Value (₹) 99.61
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 92.16
- P/E (TTM) 12.58
- EPS (TTM) 13.54
- Div Yield (%) 0.00
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About Garg Furnace Ltd
Incorporated in Dec.'73 as a private limited company, Garg Furnace was converted into a public limited company in Feb.'76. Promoted by Dharam Pal Garg and Jagdish Chand Garg, Garg Furnace manufactures alloy steel. Its manufacturing facilities are situated at Ludhiana, Punjab._x000D_
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The company commenced operations in 1974 with a 1-tonne capacity arc furnace to manufacture steel casting. In 1981, the arc furnace was scrapped, as its technology was not so successful and during the same year, it installed a 0.5-metric tonne capacity induction melting furnace. In 1988, it added a rolling mill for the manufacture of MS hot rolled rounds. The melting capacity was increased in the years 1989, 1991, 1994 and again in Mar.'93. _x000D_
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In 1995, the company completed expansion-cum-forward integration plan to put up a new induction melting furnace to enhance its ingots manufacturing capacity from 48,000 tpa to 72,000 tpa and to also to set up a wire rod mill with an installed capacity of 30,000 tpa. It tapped the capital market in Apr.'95 to part-finance the project. _x000D_
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The company's products are being supplied to Indian Railways, thermal power stations, cement plants, sugar mills and auto, bicycle and sewing machine parts manufacturers._x000D_
| Founded | : 1973 |
| Chairman | : Devinder Garg |
| Managing Director | : Devinder Garg |
| Address | : Kanganwal Road G T Road, Ambala Side VPO Jugiana, Ludhiana, Punjab, 141120, |
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