38.98 0.59(1.54%)
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Madhav Marbles and Granites Limited was originally incorporated on April 7, 1989 with the name of Maadhav Granites & Realty Private Limited at Jaipur, Rajasthan. The Company converted into a Public Limited Company in 1990 and the name of the Company was changed to Madhav Marbles & Granite Limited on March 13, 2007. The company came out with a public issue in May '92 to set up a 100% EOU to process granite tiles with an installed capacity of 1,38,000 sq mtr p.a. and another unit to process marble tiles with an installed capacity of 3,61,338 sq mtr p.a.The company had an agreement with Khimji Ramdas, Muscat, to sell its entire production of granite tiles and 35% of its production of marble tiles. During the year 1999-2000, a 100% EOU was set up for manufacturing polished granite slabs.During the year 2000-01,the company had received Capexil Award for highest exports of granite tiles made during the year 1999-2000.Rose Marbles Limited(RML) has become the subsidiary of the company in 2001-02, consequent to acquisition of 52300 Equity Shares which represents 51.27%(RML). RML is in the business of processing Marble Slabs / Marble Trading.The company has acquired two wind turbine generators each of 1.25 MW during January 2005 and has started generation of power....