Garg Furnace Share Price

Incorporated in Dec.73 as a private limited company, Garg Furnace Ltd was converted into a public limited company in Feb.76. Promoted by Dharam Pal Garg and Jagdish Chand Garg, the Company manufacture and deal into Iron and Steel products such as M.S. Round, Ingot, Wire Rod etc. Its manufacturing plants are situated at Ludhiana, in Punjab. The company commenced operations in 1974 with a 1tonne capacity arc furnace to manufacture steel casting. In 1981, the arc furnace was scrapped, as its technology was not so successful and during the same year, it installed a 0.5metric tonne capacity induction melting furnace. In 1988, it added a rolling mill for the manufacture of MS hot rolled rounds. The melting capacity was increased in the years 1989, 1991, 1994 and again in Mar.93. In 1995, the company completed expansioncumforward integration plan to put up a new induction melting furnace to enhance its ingots manufacturing capacity from 48,000 tpa to 72,000 tpa and to also to set up a wire rod mill with an installed capacity of 30,000 tpa. It tapped the capital market in Apr.95 to partfinance the project. The 66KV Sub Station Project implemented was made operational during 201112.

As of , Garg Furnace share price is ₹228.7. The stock opened at ₹213 and had closed at ₹207.1 the previous day. During today’s trading session, Garg Furnace share price moved between ₹207.25 and ₹230.05, with an average price for the day of ₹218.65. Over the last 52 weeks, the stock has recorded a low of ₹156.00 and a high of ₹441.20. In terms of performance, Garg Furnace share price has declined by 9.6% over the past six months and has declined by 25.82% over the last year.