NILE Ltd Share Price

Description

• In technical collaboration with Hakko Sangyo, Japan, NILE manufactures glass-lined equipment for the bulk drug, agrochemical, fine-chemical and dyestuff industries. It manufactures glass-lined equipment using Japanese standards and has an excellent reputation for quality. It is now firmly established in the Indian market and its clientele includes Max India, Ranbaxy, Chemplast, Neuland and Siris, among others. NILE is the only company to manufacture stainless steel glass-lined reactors, which meet some critical very-low-temperature applications. To further streamline its operations and improve volumes and profit margins, NILE embarked on a backward intregration project to build its own fabrication facilities, and commissioned them in Apr.`95. In Aug.`95, it put up a 2-MW wind farm in Anantpur district, AP, part-financed by a public issue in Feb.`95. It is trying to reduce costs and increase margins through captive power generation. A new 800-kW electric furnace is being commissioned which is expected to reduce costs by increasing the manufacturing capacity. It will also enable the company to manufacture glass-lined reactors of volumes upto 2500 ltr. The company has signed a know how licencing contract with an Italian company for manufacture of glass lined Nutvsch Filers and Filter Dryers. The company has started fabrication of Pressure Vessels for better utilisation of existing plant & machinery. A Pilot Glasslined Nutsch Filter is being manufactured by the company for the purpose of demostration to potential customers. Company has aslo received ISO 9001 quality certificate from Indian Register of Quality Systems. An attempt to acquire substantial stake in the company by Gujarat Machinery Manufacturers Limited was pending in Bombay High Court and Company Law Board. But the same was upheld by the CLB,not to transfer the shares acquired by GMML and its subsidiaries.

• In technical collaboration with Hakko Sangyo, Japan, NILE manufactures glass-lined equipment for the bulk drug, agrochemical, fine-chemical and dyestuff industries. It manufactures glass-lined equipment using Japanese standards and has an excellent reputation for quality. It is now firmly established in the Indian market and its clientele includes Max India, Ranbaxy, Chemplast, Neuland and Siris, among others. NILE is the only company to manufacture stainless steel glass-lined reactors, which meet some critical very-low-temperature applications. To further streamline its operations and improve volumes and profit margins, NILE embarked on a backward intregration project to build its own fabrication facilities, and commissioned them in Apr.`95. In Aug.`95, it put up a 2-MW wind farm in Anantpur district, AP, part-financed by a public issue in Feb.`95. It is trying to reduce costs and increase margins through captive power generation. A new 800-kW electric furnace is being commissioned which is expected to reduce costs by increasing the manufacturing capacity. It will also enable the company to manufacture glass-lined reactors of volumes upto 2500 ltr. The company has signed a know how licencing contract with an Italian company for manufacture of glass lined Nutvsch Filers and Filter Dryers. The company has started fabrication of Pressure Vessels for better utilisation of existing plant & machinery. A Pilot Glasslined Nutsch Filter is being manufactured by the company for the purpose of demostration to potential customers. Company has aslo received ISO 9001 quality certificate from Indian Register of Quality Systems. An attempt to acquire substantial stake in the company by Gujarat Machinery Manufacturers Limited was pending in Bombay High Court and Company Law Board. But the same was upheld by the CLB,not to transfer the shares acquired by GMML and its subsidiaries.