Vadilal Industries Ltd share Price

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• Vadilal Industries(VIL), promoted by R R Gandhi and L R Gandhi, was incorporated under the name Vadilal Oxygen Pvt Ltd in Apr.`82 to carry on the business of purification and refilling of oxygen gas and selling the same. Vadilal Ice-cream Pvt Ltd which was incorporated in Jun.`81 to carry on the business of manufacturing ice-creams and ice-cream candies was amalgamated with Vadilal Oxygen from Jul.`85. Subsequently, the name was changed to Vadilal Industries. Presently the company has business interest in Ice-creams, Processed Foods and Forex. VIL`s Ice Cream division operates with 3 plant , 2 in Gujarat and one in UP. The three plants at Dudheshwar in Ahmedabad, Village Pundhra in Gandhinagar and Bareilly has a combined processing capacity of 20046 Kilo Ltrs. per annum as on 2000-01. The company is on continuous expansion of the capacity over the years. In 1992-93, the company entered into an agreement with a leading company in UP to produce Ice-cream under it`s brand name. In 1997-98, the company has acquired land worth Rs.26.68 lacs for setting up an ice-cream facility at Pundhara in Gujarat. The facility with an installed capacity to produce 10000 boxex per day of ice-cream has commenced operation in 1998-99. The company has introduced various varieties of Ice-creams. The company has launched low-fat calory Ice-cream known as `Vadilal Lite` under different flavours. VIL`s Processed Foods and Frozen Vegetables division which was started its activities in March 1991 with 5400 MTPA plant has grown to a 16200 MTPA capacity for processing of fruits and vegetalbes. This Dharampur facility which has the capacity to produce frozen fruits and vegetables like mango pulp, mango slices, pineapple tit-bits, tutty fruity, seet corns, peas, grapes etc. was part financed by the public issue in Oct. `89. The company entered the international market in 1994-95 by exporting processed foods, vegetables and fruit pulp in Europe, west Asia and the US. In 1996-97,the company has installed the Individually Quick Frozen (IQF) facilities with a capacity to process 2 MT of fruits and vegetables per hour at it`s existing Dharampur plant, at a total project cost of Rs 6 crores, using fluidised bed-belt type continuous freezing technology imported from U.K. The company introduced mixed fruit and pineapple jam, tomato ketchup and sauce, sweet corn soup and baked beans in Gujarat. The company has putup two wind farms for captive consumption at Village Lamba and Village Bhogat in Jamnagar Dist. of Gujarat with a total power producing capacity of 1.92 MW. The Lamba wind farm, which has a capacity of 1.28 MW, was putup at a cost of Rs.6.78 Cr has commenced operation in March 1995. While the Bhogat farm with a capacity to produce 0.64 MW of power was put up with a cost of Rs.3.78 cr has commenced operation in March 1996. VIL`s Forex and FFMC Division provides various informative and Advisory services in the areas of forex,bullion and base metals. This Division, which commenced operation five years back(as on March 2001) is offering it`s service primarily in Gujarat. It`s planning to expang it`s geographical reach outside Gujarat. The Division also plans to expand its operational area of hedging in the International Futures Exchangs by forming strategic alliances with leading international brokers. The company has developed a commercial complex, namely `Mahalay`, at Navrangpura, Ahmedabad at a cost of Rs.9 Crores during 1998-99. In the Processed Food products segment the company is planning to introduced various new products which will include full range of Frozen Vegetables,Fruits and Ready-to-serve foods etc.