Olectra Greentech Ltd - OLECTRA GREENTEC Share Price

Summary

Olectra Greentech Limited (Formerly known as Goldstone Infratech Limited) was incorporated in October 2000, to takeover the telecom business of Goldstone Technologies as part of restructuring programme undertaken by the Goldstone Technologies Ltd.Presently,the Company is primarily engaged in the manufacturing of composite polymer insulators also manufacturing of electrical buses.During the FY2007-08,the company has changed its name from Goldstone Teleservices Ltd to Goldstone Infratech Ltd. Goldstone Infratech Limited (GIL or the Company) and its consolidated subsidiaries are mainly engaged in the business of manufacture of Telecom Cable Jointing Kits and Composite Polymer Insulators with production facilities situated at IDA, Cherlapally, Hyderabad, R.R.Dist., Andhra Pradesh.Consequent to the Amalgamation of M/s Newtech Stewing Telecom Limited, M/s Shree Shree Telecom Private Limited and M/s Sunplast O-Met Limited with the Company as per the approval of Honble High Court of Andhra Pradesh to the Scheme of amalgamation on 30th June, 2009, the Board of Directors of the Company at their meeting held on 28th August, 2009 had allotted 57,432 number of equity shares of Rs.4/- each to the remaining shareholders of M/s Sunplast O-Met Limited.During the year 2009-10,the company has allotted 57,432 Nos. of Equity Shares @ 4/- each amounting to Rs. 2,29,728/- to remaining shares holders of Sun Plast O Met Limited pursuant to Scheme of Amalgamation.The Company has invested Rs 6.00... Read More