Gujarat Craft Industries Share price

Gujarat Craft Industries Ltd.(GCIL) was originally incorporated asGujarat Craft Steels Pvt. Ltd. on 31-07-1984 with the Registrarof Companies Gujarat. The Company has been converted to aPublic Limited Co. and it''s name has been changed to GujaratCraft Industries Ltd. by passing a special Resolution on30-08-93 and Fresh Certificate of Incorporation to that effectobtained on 3rd September 1993. The Company has been promoted byMr.Pradeep Bhutoria and Mr. Binod Kumar Chhajer. GCIL is anexisting profit making company and is currently manufacturingHDPE/PP laminated fabrics and bags with an installed capacity of200 MTPA. The plant is located at 214 VIII Budasan Tal.Kadi Distt. Mehsana Gujarat. With the emergence of privatesector and increased usage of PE BAGS used as packing materialin industries such as fertilizers chemicals cementsugar andfood grains etc. and it''s superiority over jute bags demand ofHDPB bags has been rising. Some of the main customers of thecompany are PPL NFL IFFCO KRIBHCO FCJ etc. The unit startedcommercial production from 06.05.91. For the financial year1990-91 the income accrued is on account of jobwork and interestincome to the tune of Rs.2.36 lacs. There after the company hasbeen in the business of manufacturing HDPE/PP laminated fabricsand bags. The plant achieved a capacity utilization of around66% in the year 1993-94.The company now proposes to diversify into manufacture of PPfilament yarn with an installed capacity of 1800 MTPA. Besidesbeing used as one of the raw materials by the group company(GRIL) the product finds it''s application in various industries suchas fertilizers woven sacks carpet fishing chemical etc.The proposed plant would be located at 431 Vadsar Road VIIISantej Tal Kalol Distt Mehsana Gujarat.