Sudal Industries Ltd share Price

Sudal Industries was incorporated in the year 1979 for the manufacture of aluminium extrusions and aluminium alloys. The company, formerly known as Sudarshan Aluminium Industries, was promoted by S C Chokani in association agreement with Hindustan Aluminium Corporation for providing technical assistance. The Company has already awarded a Licence for the Quality Systems Certification in accordance with IS 14002/ISO 9002 by the BIS. The company`s products are aluminium extrusions and alloys. The company`s commercial production started in the year 1981. During 1985-86, the performance of the company was unsatisfactory due to under-utilisation of capacity, shortage of raw material and labour strike, etc. The situation slightly improved during the next two years but again ran into rough weather during 1988-89 due to the increase in the cost of raw materials and inputs, drastic reduction in selling prices and increase in excise duty. The intermittent and inadequate supply of aluminium ingots also added to the problems. Consequently the company incurred loss continuously. The company`s products find extensive usage in agricultural, transportation, electrical, electronics, consumer durables, defence, tubing, irrigation tubing, pump body extrusions, airways, shipping, etc. The company`s client list consists of companies like BHEL, TELCO, L & T, Philips, Siemens, Mahindra and Mahindra, Godrej, Bajaj Auto, Crompton Greaves, ABB and Kirloskar Electrodyne, etc. The company has technical collaboration with Reynolds (Europe). The Reynolds group is the world`s largest producers of Aluminium and its varied products. Their technical assistance is to enable the company to reduce costs, increase its production and productivity. During 1990-91, the company diversified into downstream products. The company started manufacturing irrigation and sprinkler systems. It also manufactures drip irrigation systems and value added products like heat exchanger tubing, truck body kits, etc. The company has developed Extruded Sections for sophisticated end users like BARC,HAL,etc and also in down stream activities by manufacturing fabricated components, Truck Body Kits etc which gives more value for its extruded product. The company is progressing in implementing quality systems as per QS 9000 and new IS 9001.