343.95 29.60(9.42%)
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Everest Industries Limited, formerly known as Eternit Everest Limited was incorporated in 1934. The name of the Company was changed from Eternit Everest Limited to Everest Industries Limited on 25 July, 2003. Company is engaged in manufacturing and trading of building products like roofing products, boards and panels, other building products and accessories and manufacturing of components of pre-engineered steel buildings and related accessories.The Company commenced its business by taking over, as a going concern, the erstwhile Asbestos Cement (India) at Kymore, Madhya Pradesh. The company was the first to manufacture asbestos cement roofing sheets in India at its first factory commissioned in May '34. Its manufacturing business was progressively expanded by establishing a second sheeting factory at Mulund, Bombay, in 1937, a third one at Calcutta in Oct.'38 and a fourth at Podanur (near Coimbatore), Tamilnadu, in Nov.'53. In Sep.'57, a another sheeting plant was installed at the Kymore factory. Plants to manufacture pipes were added between 1938 and 1963. In 1988-89, Turner & Newall International, UK, sold its stake in the company to Eteroutremer, Belgium, the holding company of the Eternit group, Belgium. It obtained central government approval to shift part of the pro...