Hind Aluminium Industries Share Price

Incorporated in May '87 as Associated Grills and Profiles to manufacture aluminium grills, sections, railing, etc, Associated Profiles and Aluminium commenced commercial production in Sep.'88. It was promoted by Lalit Kumar Daga. The company's main product - aluminium grills, is jointly promoted with Hindalco Industries and is sold under Decogrille brand name. In Dec.'94, the company acquired its present name. In Jun.'96, the company came out with a public issue to part-finance the diversification project of setting up an unit to manufacture aluminium rods at Khanvel, Dadra & Nagar Haveli, with an installed capacity of 8400 tpa. Aluminium rods are used to manufacture conductors, which in turn are used on traction overhead equipment. During the year 1996-97, the paid up equity capital is increased from Rs 60 lacs to Rs 500 lacs following the public issue and private issue made by the company. The company has set up a new unit at Silvassa (Union Territory) for manufacturing of All Alloy Aluminium Rods with an installed capacity of 12000 tpa which has commenced its commercial production from Jan'97. In 1997-98, it earned foreign exchange worth Rs 7 lacs. The company's plant HIND ALUMINIUM, at Silvassa has been awarded ISO-9002 certification i.e. both the divisions of the company are ISO 9002 accredited. The company has launched a new brand of Grill under the brand name Ecogrille and is the only grill manufacturing company in India to achieve ISO-9002. During the year 2000-2001 the Wire Rod Division has expanded its capacity by an additional 10,000 MT p.a and this has been financed by way of internal accruals.The Wire Road Division & Grill & Fabrication Division has achieved ISO 9002 ceritification.