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Garg Furnace Ltd. Company History and Annual Growth Details

Set up in 1973 by Sh. Dharam Pal Garg and Sh. Jagdish Chand Garg, Garg Furnace Limited (GFL) has emerged as one of northern India's leading alloy and non alloy steel manufacturers. Renowned for its impressive manufacturing base, first rate quality and wide range of Alloy and Non- alloy steel ingots as Alloy Steel Casting division, Rolling division, Drawing division.

The company boasts of three state of the art manufacturing units located in Ludhiana, while other plants are already in the advanced stages of completion. And owing to the latest engineering technology, we have been able to consistently maintain the standards of excellence in the business. Our world class infrastructure is equipped with the cutting edge technology for refining and rolling of industrrial steel products. We have been supplying high quality steel products to rerollers, forges and original equipment manufacturers in a wide range of sizes

2004

-The company was ranked 760th in the BS 1000 listing of top Indian companies in terms of sales in 2002-2003.

-Company, had received a composite score of 9 out of a possible 15 in Industry 2.0's SCM Metrics study.

2005

-Company was ranked 840th in the BS 1000 listing of top Indian companies in terms of sales in 2003-2004.

-The board had increased authorized share capital from Rs 5 crore to Rs 10 crore

-Board also approved for splitting of shares from Rs 10 each to Rs 5 each,.

-The board had delisted equity shares of the company from Ludhiana Stock Exchange Association Ltd and Delhi Stock Exchange Association Ltd in accordance with the relevant rules and laws.

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