Apar Industries Ltd Share Price

Summary

Apar Industries Limited, founded by Late Shri. Dharmsinh D. Desai in the year 1958 is one among the established companies in India, operating in the diverse fields of electrical and metallurgical engineering offering value added products and services in Power Transmission Conductors, Petroleum Specialty Oils and Power & Telecom Cables. The Company is one among the top 3 global leaders in conductors, the 4th largest global transformer oil manufacturer, the largest domestic cable manufacturer in the renewable sector and a leading player in auto lubricants. The Company has strategic tie-ups with big global firms, such as ENI S.p.A, Italy, and CTC Global, USA. Apar Industries Limited (AIL), formerly known as Gujarat Apar Polymers Limited was promoted by Apar, the flagship company of the Apar Group, along with the Gujarat Industrial Investment Corporation (GIIC). The Company was incorporated on September 28, 1989. Gujarat Apar Polymers Limited was changed to Apar Industries Limited on 19 April, 1999.In Nov 2000 the captive plant for co-generation of power and steam became operational. The Ankleshwar Plant which modernised with latest know-how of M/s Goodyear Tire & Rubber Co., USA for continuous processing of NBR in place of batch processing commissioned in 2000.The Companys Nalagarh plant was commissioned during the year ended 31 March 2008. It was however, not fully loaded till December 2007 for the lack of orders. However, in Q4 March 2008, the capacity utilisation was improved
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