India Gelatine & Chemicals Share Price

Incorporated in the early 1970s, India Gelatine & Chemicals was promoted by the Mirani family, Nichimen Corporation, and Konica Gelatine, both of Japan. The company manufactures ossein and dicalcium phosphate. Ossein is the basic raw material used for the production of photographic gelatine, which in turn is used for producing photo films. Dicalcium phosphate is a vital ingredient for animal feeds. The entire production of ossein is sold to the Japanese collaborators. 30% of the dicalcium phosphate is exported to Australia, Thailand, Egypt and other countries. The company's new gelatine project at Vapi is nearing completion. Major erection of plant and machinery including piping of all the equipments is in progress. It hopes to start production around Aug.'96. The company made a preferential allotment to the promoters at a premium of Rs 615 per share. Company has awarded Top Export Award/Excellance Award for the 21st Year in succession in recognition of its export achievement. Geletin produced by company is gradually getting well accepted by customer in domestic market & Company taking very much efforts to higher specification as regards quality.