Shri Gang Industries & Allied Products Share Price

Incorporated in August, 1989, Shri Gang Industries and Allied Products Limited, formerly known Suraj Vanaspati Limited is a Joint Venture between Suraj Gupta and Associates and the Pradeshiya Industrial Corporation of Uttar Pradesh (PICUP). Initially, Company engaged in the business of manufacturing and Sale of Vanaspati, Refined Oils and Bakery Shortening. It manufactured these products under its brands, Apna and Mr. Baker through their plant situated at Sikandrabad, Uttar Pradesh (UP). A modern IMFL bottling unit has an annual capacity of 4 million cases. The name of the Company was changed from Suraj Vanaspati Limited to Shri Gang Industries and Allied Products Limited in February, 2009.The company set up a 20,625 tons per annum (TPA) Vanaspati Plant and a 25tons per day (TPA) refinery in the Kangra District of Himachal Pradesh. It came out with a public issue in Aug.93 to partfinance the project.Commercial production commenced in Mar.90. Its products are marketed under the Apna brand name. In 1993, the company launched an expansion programme and increased the capacity from 33,000 tpa to 36,594 tpa, which was again increased to 49,500 in 1994.During the year 19992000, there has been a 100% erosion in the net worth of the company. Hence, the company has become a Sick Industrial Company and a reference is made to the Board of Industrial Financial Reconstruction.The manufacturing activities at factory premises was suspended with effect from March 25, 2010 since the plant at Sikandrabad (UP) was quite old and required substantial capex towards technological upgradation and addition of new equipment. IDBI was appointed as an Operating Agency for formulating the Rehabilitation Scheme for the Company.In 202021, the Company resumed its manufacturing operations at Vanaspati Unit. As a part of Rehabilitation Scheme, the Company diversified into liquor business and set up Bottling Plant for Indian Made Foreign Liquor (IMFL) at Sandila, Dist. Hardoi, Uttar Pradesh which commenced commercial production in July, 2020. It setup a Distillery Unit of Bottling Plant. The said Distillery Unit commenced commercial production in September, 2022. The Company enhanced the distillery capacity from 55 KLPD to 66 KLPD in 2025.