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Gujarat Metallic Coal & Coke Ltd Overview
Fundamentals of Gujarat Metallic Coal & Coke Ltd
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About Gujarat Metallic Coal & Coke Ltd
Arvind Chemicals Ltd is an India-based company. The company is engaged in trading of coal and coke. Coke is a main source of heat and also the reducing agent required for facilitating the conversion o ... f metallurgical ores into metal during the smelting process. The company is an ISO 9002 certified company. Arvind Chemicals Ltd was incorporated in the year 1992 under the name Arvind Chemicals Pvt Ltd. The company was originally established as a partnership firm on December 12, 1976. Initially, the company was involved in the manufacture of Polyurethane foam and trading of coke, a derivative of coking coal. In December 1994, the company was converted into a public limited company and the name was changed to Arvind Chemicals Ltd with effect from December 16, 1994. During the year 2004-05, Fast Capital Securities Ltd and Vartika Traders Pvt Ltd were amalgamated with the company. During the year 2005-06, the company allotted 300,000 equity shares on preferential basis to Sakal Holdings Pvt Ltd, non promoters at the rate of Rs 1.20 per share. During the year 2007-08, Arvind Commodities Ltd was amalgamated with the company with effect from October 31, 2007. Until March 2008, the company is one of the leading manufacturers of Polyurethane Foam (PU Foam) in India. They had their manufacturing unit located in Bagru, Jaipur, which was used to manufacture a wide range of products ranging from mattress, sofa and pillows. During the year 2008-09, the company discontinued their manufacturing activities relating to foam and allied products, namely mattress, sofa, pillows etc. In December 2008, they incorporated a wholly owned subsidiary Happy Mining Pty Ltd in Australia for purpose of carrying on mining activity in Australia. The company invested Rs 3340.76 lakh by subscribing the entire 10,000,000 shares in their wholly owned subsidiary company. Read More
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