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Gilt Pack > Company History > Packaging > Company History of Gilt Pack - BSE: 507711, NSE: N.A
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Gilt Pack

BSE: 507711|SECTOR: Packaging
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Gilt Pack is not traded in the last 30 days
Gilt Pack is not listed on NSE
Company History - Gilt Pack
The Company went in for commercial production of HDPE Woven Sacks at
 its plant at Madhya Pradesh in June 1986. The HDPE Woven Sack
 Industry suffered a set back in July 1987 with the Comulgation of
 Jute Packaging Material Act, 1987 making it obligatory for
 manufactures of Fertilizers & Cement two important users of HDPE
 Woven sacks to compulsorily pack
 percentages of their Product in Jute Packaging. This hit the bottom
 line of all the Companies in that industry. 
 
 The subsequent period witnessed a change in the fortune of the
 industry due to increase requirement of packaging materials to pack
 increased production of Cement & Fertilizers the Company has taken
 full advantage of this increased demand by their aggressive and
 efficient marketing which resulted in increase of turnover of the
 Company from Rs.719 lakhs for the year ended 31st March 1990 to
 Rs.1,160 lakhs for the year ended 31st March 1991 an increase of 65%.
 Thus the company has wiped out all of its carry forward losses.
 Currently the working of the Company is satisfactory and confident of
 maintaining its performance.
 
 
Source : Dion Global Solutions Limited
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