RRP Defense Share Price

Incorporated as Interads Export Division Pvt Ltd in 1981, the company was renamed as Interads Export Pvt Ltd in Sep.'94. It became a public limited company in Nov.'94 and the name was changed to Interads Export. The company was promoted by Vishwanath, Kanwal Dev Singh Bali, Sat Prakash Chopra, Sunil K Sharma and Naresh Chhibba. Later on, Kanwal Dev Singh Bali left the organisation due to preoccupation. A government-recognised Export House, the company is engaged in the export of goods manufactured by reputed concerns like Blow Plast, Kores India, etc, to various countries, mainly to Russia. It also exports items like T-shirts, brushes of all kinds, hand tools, stationery goods, ceramic products, etc. The company has received Certificate of Export Recognition from 1981-82 through 1985-86, from Chemical & Allied Products Export Promotion Council, Calcutta. In 1995, the company proposed to set up a 100% EOU to manufacture 25 lac pcs of cotton T-shirts pa and 500 tpa of knitted cotton fabrics pa, at Noida, Uttar Pradesh. It came out with a public issue in May '95 to part-finance the project. The company has signed a marketing agreement with Moscow-based companies, Nekon and Rusimport, for the export of its 100% production, for a period of five years.