Golkonda Aluminium Extrusions Ltd
Golkonda Alumin. | 513309
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About Company
- Golkonda Aluminium Extrusions Limited was originally incorporated on 22nd August, 1988 under the name of 'Progressive Aluminium Limited' to produce extrusions and went into production in 1991
- In December, 1993, the management of the Company was taken over by Pennar Group of Hyderabad and with effect from March, 1994, the name of the Company was changed from Progressive Aluminium Limited to Pennar Profiles Limited and again to Golkonda Aluminium Extrusions Limited in 2015
- During the year 1995-96, the company has completed modernisation & expansion
- 900 Tonne extrusion press was installed & the capacity of connected handling equipment was increased from 350 TPM to 500 TPM
- It also made a Rights issue of 4,07,000 non-convertible debentures of Rs 100 each for cash at par with detachable equity warrants in the ratio of 1:1 to be exchanged with equity shares of Rs 10 each at a premium of Rs 5 per share
- During 1996-97, the company has been accredited with ISO 9002 certification by KPMG Peat Marwick LLP, USA
- Due to continued financial difficulties and incurred losses in the year 1998-99, the Company was declared as a Sick Company by BIFR and appointed Industrial Finance Corporation of India Limited (IFCI) as the Operating Agency for rehabilitation
- The company's proposal to obtain financial assistance through External Commercial Borrowing (ECB), due to its high export performance in the international market, did not materialise due to non-availability of lender's guarantee
- Subsequently, O & S Metallhandel, GmbH, (OSMG), a German company active in trade of aluminium extrusions, showed interest in the revival of the company and has offered to undertake exports of aluminium extrusions manufactured by the company upto 400 tonnes per month
- The rehabilitation scheme prepared by IFCI, approved by the Board and submitted to BIFR recommends induction of OSMG, which is part of the group whose flagship company is Danmetal A/S (Denmark), as a co-promoter and waiver of entire outstanding interest dues payable to Financial institutions and banks through reliefs and concessions
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Frequently Asked Questions
What is Share Price of Golkonda Aluminium Extrusions Ltd?
The current share price of Golkonda Aluminium Extrusions Ltd (Golkonda Alumin.) is ₹7.32. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Golkonda Aluminium Extrusions Ltd?
Golkonda Aluminium Extrusions Ltd has a 52-week high of ₹13.23 and a 52-week low of ₹6.17. This range shows the stock's price volatility over the past year.
What is the ROE of Golkonda Aluminium Extrusions Ltd?
Golkonda Aluminium Extrusions Ltd has a Return on Equity (ROE) of 0.74%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
