National General Industries Ltd share Price Today

National General Industries Limited commenced operations as a sole proprietorship concern in 1967 by Ashok Kumar Gupta, which then 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 1987-88, 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 re-heating furnace, which enhanced the capacity to 15,000 tpa. The company replaced the 300 mm rolling mill with a 325 mm rolling mill in May `95. Presently, the Company is engaged in manufacturing and selling of steel from its manufacturing facilities located at Ghaziabad. An expansion-cum-diversification project was undertaken by the company in 1995-96, to expand the capacity of the rolling mills from 15,000 tpa to 33,000 tpa and setting up a forging unit with a capacity of 2240 tpa. It came out with a public issue in Feb.`96 to part-finance its project and to augment long term working capital. The Company commenced commercial production of New Steel Casting Unit at Bhiwadi, Rajasthan effective on 5th April, 2010.

National General Industries share price as on 26 Apr 2024 is Rs. 83. Over the past 6 months, the National General Industries share price has increased by 16.9% and in the last one year, it has decreased by 6.43%. The 52-week low for National General Industries share price was Rs. 63.5 and 52-week high was Rs. 93.54.