Sudal Industries Share Price

Sudal Industries Limited was incorporated in the year 1979 for the manufacture of aluminium extrusions and aluminium alloys. The company, formerly known as Sudarshan Aluminium Industries, was promoted by S C Chokani in association agreement with Hindustan Aluminium Corporation. The Company is engaged in the manufacturing of Aluminium Extrusions and Aluminium based Alloys. The products are made by melting of Aluminium Ingots into Alloy Billets and further extruded to manufacture extrusions.The companys commercial production started in the year 1981. During 198586, the performance of the company was unsatisfactory due to underutilisation of capacity, shortage of raw material and labour strike, etc. The situation slightly improved during the next two years but again ran into rough weather during 198889 due to the increase in the cost of raw materials and inputs, drastic reduction in selling prices and increase in excise duty. The intermittent and inadequate supply of aluminium ingots also added to the problems. Consequently the company incurred loss continuously. The companys products find extensive usage in agricultural, transportation, electrical, electronics, consumer durables, defence, tubing, irrigation tubing, pump body extrusions, airways, shipping, etc. The companys client list consists of companies like BHEL, TELCO, L T, Philips, Siemens, Mahindra and Mahindra, Godrej, Bajaj Auto, Crompton Greaves, ABB and Kirloskar Electrodyne, etc. The company has technical collaboration with Reynolds (Europe). The Reynolds group is the worlds largest producers of Aluminium and its varied products. Their technical assistance is to enable the company to reduce costs, increase its production and productivity.During 199091, the company diversified into downstream products. The company started manufacturing irrigation and sprinkler systems. It also manufactures drip irrigation systems and value added products like heat exchanger tubing, truck body kits, etc.The company has developed Extruded Sections for sophisticated end users like BARC, HAL, etc. and also in down stream activities by manufacturing fabricated components, Truck Body Kits etc which gives more value for its extruded product. The Company put up Second Extrusion Press of 900 tons Capacity of Indian Origin during 2005.