Alps Industries Ltd share Price Today

Alps Industries Ltd (formerly Alps Textiles Pvt Ltd), is into manufacture and sellng of home furnshings, made-ups, window coverings and architechtural products like venetion blinds, vertical blnds, artifical ceilings, drapery rods ets under the brand name Vista Levolor. Alps Industries(AIL) which started as a partnership in 1962 was converted into a Private Limited Company in 1972 and became a public limited company. AIL came out with a public issue(size Rs.7.79Cr) in April 1995 to part finance its expansion programme AIL has set up a spinning, weaving, processing and fabrication unit in Ghaziabad, UP, which is producing vegetable dyes, cotton, yarn, and fabricate and dye cotton fabric and fibre. The company has been supplying to Park B Smith, US, for over 20 years. The window coverings division has a collaboration with Levolor Corporation, US, while the natural dyes have been developed in technical association with IIT, Delhi. AIL has also recently entered into an exclusive collaboration with Franciaflex Company, France, for production of awnings, a new concept in elegant sun protection. The company has also purchased a process house in Noida, and entered into an agreement with NHDC for setting up a process house to meet the growing requirement of eco-friendly textiles by exporters. AIL has been steadily exporting to Japan, Canada, the US, Germany, the UK, etc. Its products find a regular place in Harrods, Bloomingdales and Macy`s departmental stores. In 2000, the company has started manufacturing of Pashmina Shawls and fashion accessories which was exported to Europe, Hong Kong, Japan and U.S.A. It has also enhanced its fibre dyeing capacity by adding a plant imported from Italy. Investments have been made in Assam and Madhya Pradesh, manufacturing printed and specially processed fabrics for industrial applications.The company was awarded ISO 14001 certification and ISO 9002 certification by KMPG, Netherlands, for conforming to environment friendly process. During 2001 the company has initiated modernization programme on which the spinning machines have been replaced with ring spinning machines.The Weaving capacities are also modernised with new state of art looms.A natural dyes for textiles was developed by the company.It has also signed MoU with IIT,Mumbai for setting up an SCFE plant based on technology developed by them.