Rungta Irrigation Ltd (530449)

Rungta Irrigation Limited (RIL) was established in 1986 as Jindal Irrigation Pvt Ltd. The company was taken over by the Rungta Group in 199293 and renamed to its current name. It is led by R S Rungta, the chairman, and its associated companies are Rungta Projects, Rungta Carriers and Sutterfield Trade Investments. To establish a new unit to produce sprinkler irrigation systems, HDPE and PVC pipes, fittings and components, RIL went public with a premium of RS 50 in March 1995, raising a total of Rs. 14.28 crore. The company also offers services, including assembly and design. To diversify into drip irrigation systems, RIL has collaborated with Unicor Rohrsysteme (Germany) and EinTal (Israel). It had an export turnover of Rs. 1.26 crore in 199394. To better serve its customers, the company proposed to set up a second unit in Himachal Pradesh in 199596 and launched its pesticide products in 199899, leading to increased profitability.

Share Price: ₹69.50 per share as on 30 Apr, 2024 04:01 PM
Market Capitalisation: ₹135.85Cr as of today
Revenue: ₹22.67Cr as on March 2013 (Q1 13)
Net Profit: ₹0.53Cr as on March 2013 (Q1 13)
Listing date: 01 Jan, 0001
Chairperson Name: Mahabir Prasad Rungta