Acrow India Share Price

Incorporated in 1960 as a joint venture between Hindustan Construction Company of the Walchand group and Acrow (Engineers), UK, Acrow India is being Chaired by Harshavardhan B Doshi. It is engaged in the manufacture and marketing of modern systems of Acrow steel formwork, scaffolding and allied equipment for the construction industry. The company was fully Indianised following the decision of its collaborator to pull out of the equity participation. Apart from construction formwork, the company has also developed the design for the manufacture of modern industrial storage systems. The company had entered into technical collaboration agreement for seven years duration in the year 1995, with M/s Bud-Pak Pty Ltd, Australia for the manufacture of Automatic bag packaging/bagging and Weighing machinery and associated equipment with latest technology. Company had shifted the entire Aurangabad operations to Ravalgaon in Nasik District & new plant of Ravalgaon become opeational since July -1998. Company also took decision to acquire the Industrial Machinery Division (IMD) of The Ravalgaon Sugar Farm Ltd., situated at Ravalgaon as a Going Concern w.e.f 1st April, 1998. The total order book position till March 2002 was Rs.258 lacs and is expected to improve further in the near future.