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Ganesha Ecosphere > Company History > Textiles - Processing > Company History of Ganesha Ecosphere - BSE: 514167, NSE: GANECOS
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Ganesha Ecosphere

BSE: 514167|NSE: GANECOS|ISIN: INE845D01014|SECTOR: Textiles - Processing
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Company History - Ganesha Ecosphere
M/s. Ganesh Polytex Ltd. (GPL) is a widely held listed company at BSE,
 incorporated on 30.10.1987 and it commenced commercial production
 during 1988 to produce Dyed & Doubled Yarn at Raipur (Rania), Kalpi
 Road, Kanpur Dehat (U.P.) with an installed capacity of the plant at
 391 tpa and 360 tpa respectively. During 1995 it diversified into the
 business of manufacturing Recycled Polyester staple Fibre (Green
 Fibre) through recycling of post-consumer pet bottle waste. The plant
 and technology was imported from Korea and the initial capacity was of
 6000 tpa, which was increased to 10800 tpa through expansion and
 debottlenecking.
 
 1987-88 
 Incorporation and commencement of business
 
 1989 
 Creation of Dyeing and Doubling facilities for 360 tpa
 
 1991 
 First public issue of 2.10 lacs shares and Capacity expansion Dyeing
 1080 MT
 
 1992-93 
 Creation of Texturizing capacity - 216 spindles
 
 1993-94 
 Rights issue of 34.50 lac shares
 
 1994-95 
 Expansion of Dyeing capacity to 1150 tpa, Texturizing capacity 432
 Spindles and creation of Recycled PSF capacity of 6000 tpa
 
 1996-07 
 Expansion of Dyeing capacity to 1800 tpa and recycled PSF to 10800
 tpa. Equity Capital expanded to Rs. 9.37 crore
 
 2007-08 
 Set up Rudrapur Unit for recycled PSF with an capacity of 21600 tpa
 and expanded dyeing capacity to 2400 tpa.
 
 2008-09 
 Expanded Capacity of Kanpur Unit for RPSF to 18000 tpa. Equity
 Capital expanded to Rs. 9.87 Crore
 
 2009-10
 Expanded Capacity of Rudrapur Unit by 18000 tpa. Equity Capital
 expanded to Rs. 12.32 Crores
 
 Designation as STAR EXPORT HOUSE by the Ministry of Commerce &
 Industry.
 
 2010-11 
 ICAI awards 'Silver Shield' for excellence in Financial Reporting. 
 
 IFCI Venture Capital Funds Ltd. under its Green India Venture Fund,
 has subscribed to 1.5 million Optionally Convertible Debentures.
 
 2011
 
 -Company has changed its name from Ganesh Polytex Ltd. to Ganesha
 Ecosphere Ltd. 
 
 -The Company recommended Dividend of Rs. 1.20 per share (i.e. @ 12%)
 on Equity Shares of Rs. 10/-                                         
            
 
 -CAI awards Ganesh Polytex for financial transparency.
 
 2012
 
 -The Company recommended Dividend of Rs. 1.20 per share (i.e. @ 12%)
 on Equity Shares of Rs. 10/- each.
 
 2013
 
 -The Company recommended Dividend of Rs 1.20 per share (i.e. @12%) on
 Equity Shares of Rs. 10/- each.
 -Ganesha Ecosphere begins commercial production at Temra and Kanpur.
 
 2014
 
 -The Company recommended Dividend of Rs 1.20 per share (i.e. @ 12%)
 on Equity Shares of Rs. 10/- each.
 -Ganesha Ecosphere commenced commercial production of Recycled
 Polyester Staple Fibre (RPSF) has been started at the Companys unit
 situated at Temra, Bilaspur.
                                            
 2016
 -Ganesha Ecosphere Ltd has titled Winner of EMPEA Sustainability &
 Operational Excellence Challenge. 
 
Source : Dion Global Solutions Limited
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