Stanpacks (India) Ltd share Price Today

Incorporated as a private limited company in Dec.`91, Stanpacks (India) was converted into a public limited company in Aug.`94. It is promoted by G P N Gupta and G Radhakrishna and their associates. The company manufactures filling and discharging machinery which are used for bulk packing of free flowing materials like granules, powders, etc. It has collaboration arrangement with Bagfilla Overseas, UK, for technical knowhow, manufacturing specifications and assembling instructions. It is also engaged in the manufacture of HDPE jumbo bags. In 1994-95, it had set up a project for integrated unit for the manufacture of HDPE woven sacks and tarpaulin with an installed capacity of 72 lac pa and 16 lac mtr pa, respectively. As a part of the project, it also acquired manufacturing facilities of three of its group concerns -- Polycoat Packaging Industries, Standard Packagings and Standard Paper Industries Corporation. To part-finance the project, the company came out with a public issue in May `95. The company is ISO 9002 accredited for the manufacture of filling and discharging machinery. The jumbo jute bags manufactured by the company was awarded the India Star Award 1994 by the Indian Institute of Packaging and the World Star for Packaging 1994 by the World Packaging Organisation. During 1997-98 the company shifted its factories at Nerkundram and Thiruvottriyur to its new project at Sholavaram. The Company, at the instance of Indian Tobacco Company (ITC), has developed flexible, bio-degradable and reusable jute boxes made out of heavy duty jute fabric to protect the quality of tobacco leaves during transportation and storage. The Company received the India Star 98` award instituted by the Indian Institute of Packaging for the development of CENTRAL SEAMLESS KRAFT LINED PP/HDPE WOVEN SACK.