Rungta Irrigation Ltd Share Price

Description

• Rungta Irrigation (RIL) was incorporated as a private limited company under the name Jindal Irrigation Pvt Ltd in Apr.`86. It became a public limited company in Jun.`86 and got its present name in Apr.`94. The company was originally promoted by S R Jindal and, in 1992-93, it was taken over by R S Rungta of the Rungta group, who is the present chairman. Some of its associate companies are Rungta Projects, Rungta Carriers and Sutterfield Trade & Investments. In Mar.`95, RIL came out with a public issue at a premium of Rs 50, aggregating Rs 14.28 cr, to establish a new unit to manufacture sprinkler irrigation systems/drip irrigation systems, HDPE pipes, PVC pipes, fittings and components, and to meet working capital requirements totalling Rs 24 cr. The company manufactures designs, assembles and markets aluminium/GI/HDPE/PVC pipe-based sprinkler irrigation system and rigid PVC and HDPC pipes for water conveyance channels and for other uses. Recently, it has diversified into drip irrigation systems and the manufacture of HDPE and PVC pipes. RIL has a technical collaboration with Unicor Rohrsysteme, Germany, and Ein-Tal, Israel, for drip irrigation technology. The company had an export turnover of Rs 1.26 cr in 1993-94. During the year 1995-96, the company has proposed to set up an additional/second unit at Kala-amb in Himachal Pradesh for manufacturing PVC/HDPE Pipes and Drip Irrigation system. During 1998-99, the company has launched its pesticides products which have received in the market very well. This will lead to higher growth in profitability in comming year.

• Rungta Irrigation (RIL) was incorporated as a private limited company under the name Jindal Irrigation Pvt Ltd in Apr.`86. It became a public limited company in Jun.`86 and got its present name in Apr.`94. The company was originally promoted by S R Jindal and, in 1992-93, it was taken over by R S Rungta of the Rungta group, who is the present chairman. Some of its associate companies are Rungta Projects, Rungta Carriers and Sutterfield Trade & Investments. In Mar.`95, RIL came out with a public issue at a premium of Rs 50, aggregating Rs 14.28 cr, to establish a new unit to manufacture sprinkler irrigation systems/drip irrigation systems, HDPE pipes, PVC pipes, fittings and components, and to meet working capital requirements totalling Rs 24 cr. The company manufactures designs, assembles and markets aluminium/GI/HDPE/PVC pipe-based sprinkler irrigation system and rigid PVC and HDPC pipes for water conveyance channels and for other uses. Recently, it has diversified into drip irrigation systems and the manufacture of HDPE and PVC pipes. RIL has a technical collaboration with Unicor Rohrsysteme, Germany, and Ein-Tal, Israel, for drip irrigation technology. The company had an export turnover of Rs 1.26 cr in 1993-94. During the year 1995-96, the company has proposed to set up an additional/second unit at Kala-amb in Himachal Pradesh for manufacturing PVC/HDPE Pipes and Drip Irrigation system. During 1998-99, the company has launched its pesticides products which have received in the market very well. This will lead to higher growth in profitability in comming year.