HG Industries Ltd Share Price

(513723)

Himalaya Granites (now a public limited company) was established by M P Valusami, M Vijan, M P Balkrishna, S Susindran, and R Gunasekaran to set up an export-oriented granite processing unit. In 1991, the unit was sold to S P Mittal and R Mittal of the Greenply group, and commercial production of monuments, tombstones, and memorials began shortly afterwards. Funds were provided to expand the existing unit and to acquire and develop granite quarries as well as procure quarrying and material handling equipment. The company’s products are exported to a variety of countries including the UK, US, Germany, Japan, Canada, and Ireland. Himalaya Granite has also been awarded the CAPEXIL Certificate of Merit for 199293 and 199394. The installed capacity of Granite Monuments was increased to 26500 Sq Mtrs by 199798.