National General Industries Ltd (531651)

National General Industries commenced operations as a sole proprietorship concern in 1967 by Ashok Kumar Gupta which was converted into a partnership firm in 1986. The firm was in the business of rolling constructional steels. A private limited company National General Industries Pvt Ltd was incorporated in Jan.87 to take over the business of the joint stock company. Subsequently it was converted into a public limited company in Sep.93. In 198788 the original promoters transferred majority of their shareholding in favour of A K Modi P K Modi and their family members.When the present promoters took over the management of the company a 450 mm rolling mill and a 250 mm rolling mill were in operation. The production capacity was 9600 tpa. A 300 mm rolling mill was installed in Sep.94 replacing the 250 mm rolling mill and also modified the billet reheating furnace which enhanced the capacity to 15000 tpa. The company replaced the 300 mm rolling mill with a 325 mm rolling mill in May 95. Presently the company produces round and square billets at its 325 mm and 450 mm rolling mills at Ghaziabad Uttar Pradesh. An expansioncumdiversification project was undertaken by the company in 199596 to expand the capacity of the rolling mills from 15000 tpa to 33000 tpa and setting up a forging unit with a capacity of 2240 tpa. It came out with a public issue in Feb.96 to partfinance its project and to augment long term working capital.In 199798 inspite of the bad economical conditions which adversely effected the steel industrys growth the profit after tax of the company has increased by over 43 as compare to the previous year.

National General Industries Ltd Share Price: ₹94.05 per share as on 23 Mar, 2023 04:01 PM
National General Industries Ltd Market Capitalisation: ₹56.10Cr as of today
National General Industries Ltd Listing date: 06 Mar, 2009
National General Industries Ltd Chairperson Name: Pawan Kumar Modi