Kataria Industries Share Price

Kataria Industries Limited was originally incorporated as Kataria Industries Private Limited as Private Company dated May 11, 2004. Further, Company was converted into a Public Limited Company and the name of Company was changed to Kataria Industries Limited dated December 20, 2023.The Company is manufacturing and supply of Low Relaxation PreStressed Concrete (LRPC) Strands and Steel Wires, Posttensioning (PT) Anchorage System (Anchor Cone, Anchor Head and Wedges), HDPE Single Wall Corrugated (SWC) Sheathing Ducts, Couplers and Aluminium Conductors. The Company was incorporated in 2004 to engage in the manufacturing and supply of all kinds of ingots, including those made of iron, steel, copper, bronze, aluminum and other ferrous and nonferrous materials, as well as drawing of wires, pipes and tubes made from them, along with various plastic products. Initially, it had two separate division, namely the Plastic Division and the Wind Mill Division.In 200405, the Company established Wire Manufacturing plant commenced Plastic Division Business in 200607 stated Windmill Division in 200708. Later in 201314, the Plastic and Wind Mill Divisions got demerged into the Company through the Scheme of Arrangement for Demerger effective from October 01, 2013. The Company further initiated in manufacturing of LRPC Strands in 201718. In F.Y. 201920, it expanded Wire Division capacity to 19,830 MT from the existing capacity of 7,830 MT. Subsequently, in 202122, it further expanded capacity to 38,000 MT further started production of Posttensioning Anchorage and SWC Sheathing Duct Coupler which are used alongwith LRPC Steel Strands. In 202223, it acquired a wind farm of 0.80 MW located at Karnawad (Village), for manufacturing plant in Madhya Pradesh. It had acquired two commercial properties in April 2023 and January 2023 in Surat and Vadodara, Gujarat respectively.The Company launched the IPO comprising a fresh issue of 56,84,400 equity shares of Rs 10 per equity by raising Rs 54.57 Cr on July 19, 2024. The Company acquired the Wire Division of Ratlam Wires Pvt. Ltd. as a going concern basis via slump sale on October 22, 2024, while expanding its presence in industries such as automobiles and railways.