Excel Glasses Ltd. Company History and Annual Growth Details

EXCEL GLASSES LIMITED was incorporated in the year 1970 as a joint sector unit by Excel Productions and Kerala State Industrial Development Corporation Limited (KSIDC) to set up a plant for the manufacture of 12,000 TPA of glass bottles at Pathirappally, Alleppey (a 'B' category backward area) in Kerala. The Company commenced commercial production in 1974. However the Company was not performing satisfactorily till 1984.

In August 1984, the management of the Company was acquired by Somani Group. The institutions provided reschedulement of term loans and other reliefs to revive the Company. Subsequent to change in management, a balancing scheme was implemented to increase the capacity of glass bottles from 12,000 TPA to 19,710 TPA. In 1986, the Company undertook a modernisation scheme aimed at reduction in cost of production, improvement of quality and increase in capacity
to 23,000 TPA. The Company has been continually upgrading its manufacturing facilities through modernisation & absorption of improved technology.

The Company is now a part of Parijat Enterprises.

The Company is presently engaged in the manufacture of flint glass bottles. The Company makes bottles of customised shapes and sizes, from 10 ml to 1000 ml in volume. The Company mainly caters to the Liquor, Food and Beverages, Pharmaceutical and Cosmetics industries. The Company has currently undertaken an expansion project at Alleppey for the manufacture of glass bottles with a furnace capacity of
170 TPD. Production from the plant commenced from March 27, 1995 with commissioning of the new furnace and the first of its five forming lines. The Company has since commissioned the remaining 4 forming lines. The Company is yet to install the Decorating machine & decorating lehr for printing of soft drink bottles and lowerators for conveying finished bottles. The Company will be one of the few
producers of small wares/vials in the South.

2001 - Right issue of 53,60,625 No. of equity shares of Rs. 10/ each for cash at par aggregating
Rs. 5,36,06,250 in the ratio of 5 equity shares for every 4 equity shares.

2004

-Excel Glass receives ISO 9001-2000 accreditation

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