Triveni Glass Ltd

Triveni Glass Ltd (TRIVENSHET)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-21.6 %
3 Month Return18.35 %
1 Year Return237.5 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 7
Rank 7
Rank 9
Dividend Yield
Rank 7
Rank 11
Price To Book Ratio
Rank 7
Debt To Asset
Rank 9

Company Information

Incorporated in Dec.71 Triveni Sheet Glass Works presently Triveni Glass Ltd TGL commenced business in Feb.72. Other major group companies are Hindustan Safety Glass and Uttar Pradesh Safety Glass. In Oct.94 the company came out with a public issue of 16.62 lac equity shares at a premium of Rs 90 for the Indian public and Rs 110 for NRIs aggregating Rs 17.31 cr to partfinance the Rs 150cr project to set up a manufacturing facility for float glass in Allahabad. The Company having its works in Allahabad Meerut and Rajahmundry.TGL manufactures a wide variety of flat glass including sheets and figured wired glass used in the automobile and construction industries. The company has a technical collaboration with CMIEC China to manufacture float glass. It has been a regular exporter of float glass and has been the winner of the CAPEXCIL award for excellence in exports of glass for four consecutive years from 1988 to 1991. Due to accumulated losses and erosion of more than 50 of peak networth of the company during 19992000 the company has made a reference to the BIFR.Due to paucity of funds the company could not take up the project for Reflective Coating Glass in 20002001 but the same was taken up in 200102 and trial runs for Relfective Coating Glass was started in June2002.
OrganisationTriveni Glass Ltd
IndustryGlass & Glass Products