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Hindustan Adhesives > Company History > Plastics > Company History of Hindustan Adhesives - BSE: 514428, NSE: N.A
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Hindustan Adhesives

BSE: 514428|ISIN: INE074C01013|SECTOR: Plastics
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Company History - Hindustan Adhesives
The Company was promoted on 5.4.1988 by Shri L K Bagla and M.S Bagla
 for setting up of facilities for manufacture of Bi-Axially oriented
 Polypropylene Self-Adhesive Tapes (Original Installed capacity: 10
 million sq.metrs.) at Ghaziabad, U.P. and obtained certificate of
 commencement of business on 8.6.1988.  The unit went into commercial
 production on schedule in october, 1989.  The project cost was partly
 financed by term loans from PICUP and from UPFC.  
 
 In 1991, the company enhanced its installed capacity from 10 million
 sq.mtrs to 19 million sq. mtrs again with the assistance from PICUP
 and UPFC.  
 
 Modernisation:
 
 In 1992, the company went for major modernisation-cum-expansion
 envisaging installation of imported Hot Melt Coating machine based on
 state-of-the art technology besides addition to the existing capacity
 by 33 million sq.mtrs.  As a result, it became one of the largest
 manufacturer of BOPP self-adhesive tapes with the total installed
 capacity of 52 million sq. mtrs.  In July, 1993, the company imported
 two machines for reduction in wastage under Equipment Finance Scheme
 of PICUP.  The company has implemented all its schemes in time.
 
 Exports:
 
 During 1992-93, the company ventured into export market for the first
 time and achieved a modest turnover of Rs.13 lakhs during the year. 
 During the 9-month period ended December 31, 1993, the company has
 exported goods worth over Rs.20 lakhs and has confirmed export orders
 to the tune of Rs.20 lakhs to be executed before March 31, 1994.  In
 addition, the company has MOU for export of Rs.180 lakhs to Gulf
 countries in next financial year.  The quality of the company's
 product meet international standards.  
 
 Recently, the company has launched a new brand of adhesive tapes in
 the name of BOSS
 
 Subsidiary Company:
 
 The Company does not have any subsidiary
 
 Promoters:
 
 The Company's Board comprises 6 Directors with Shri L K Bagla as
 Chairman and his son M S Bagla as Managing Director. Besides Smt.
 Anju Bagla and Shri Amal Bose are other directors representing
 promoters.
 
 2008
 
 -Hindustan Adhesives Ltd has designated  E-mail ID for Investors
 Complaints - hal@vsnl.com
 
Source : Dion Global Solutions Limited
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