Rajdarshan Industries Ltd - RAJDARSHAN INDS Share Price

Summary

Originally incorporated in Dec.80 as a private limited company at Jaipur, A R Enterprises (AREL) was subsequently converted into a public limited one in Dec.92.For expansion and to diversify into mechanised mining of marble blocks from its own mines the company came out with public issue in 1994.Rajasthan possesses extensive reserves of marble, especially of the green variety. Most other companies in Rajasthan employ primitive methods of mining like blasting and drilling, resulting in very low recovery rates as low as 15-20%. AREL has employed mechanised mining techniques in three of its green marble mines. This has resulted in the removal of large blocks of marble in high demand overseas and fetching far better value and higher recovery rates (around 65-70%).According to the contract signed with Edilmarmi, Italy, the latter will take up 50% of ARELs production of marble blocks. Similarly, for the domestic market, the company has entered into an MoU with Madhav Marbles & Granites which will pick up 25% of its marble products. The company is planning to expand its mining activities in the near... Read More