Sintex Plastics Technology Share Price Live

Sintex Plastics Technology Limited is a holding Company of entities engaged in the manufacture of plastic products in India and Europe and trading activities in USA. The Company was incorporated on August 04, 2015. The Company is a globally-respected plastic processing conglomerate to diverse high-growth sectors. Headquartered in Kalol, Gujarat, the Company has an extensive presence in India and across the globe through its subsidiaries. The Company's India presence is catered to by its two subsidiaries Sintex-BAPL Limited and Sintex Prefab and Infra Limited. Sintex BAPL Limited develops and delivers custom moulding solutions to various user sectors in India. This Company has a global presence through its step-down international subsidiary, Sintex Logistics LLC. Sintex Logistics LLC is the marketing and business development outfit which is sourcing solutions from the Indian operations for its US clients. The company is selling products in compliance with Buy America Act. Sintex Prefab and Infra Limited undertakes EPC contracts for various infrastructure projects across the nation. BAPL Rototech Private Limited is a joint venture company between Sintex-BAPL Limited and Rototech Srl (Italy). The Company has two manufacturing facilities, one at Pithampur, M.P and new facility commenced at Jamshedpur, Jharkhand, which manufactures plastic fuel tanks, Diesel Exhaust Fluid (DEF) / Urea Tanks / Adblue Tanks and CV exterior parts Fender, Mud Guards, snorkels etc. using Roto-Moulding and Blow Molding technology, catering the needs of the Commercial Vehicle sector in India and across the globe. The Company's current customer portfolio includes established OEMs viz Volvo- Eicher, Volvo (India and Thailand), Tata Motors Limited - All locations, UD Trucks (Japan), Cummins Technologies, Mahindra Trucks, to name a few. Apart from the Domestic supplies, the Company is also equally focused on its Export business to UD Trucks, Japan, and VOLVO TSA co. Limited, Thailand. The Company has been actively involved in the export of ad-blue tanks and witnessed substantial growth in export business. Sintex Prefab and Infra Limited is a Pan-India player offering range of prefabricated products from Mid-day meal kitchens to classrooms, healthcare centers, project & site offices, sanitation, police chowkis, labour camps, bunk houses, army shelters and cold chains among others. The Company is also engaged in the construction of affordable housing for various government projects using monolithic techniques. During the year 2021, the Company revised its business strategy to focus on prefab business with customers in the private sector where the requirement of working capital is less due to timely realization of receivables. However due to ongoing liquidity issues faced by the Company and change in target customer profile, the Company decided to downsize operations till the time liquidity constraints are addressed and volumes with customers in the private sector pick up. The Company enjoys the preferred supplier position with leading corporate such as Trident, Raymond, ITC, Sun Parma, Thermax, Arvind Yarn Ltd., Enviro Ltd., Amity Raisin, Chenab Textiles, Birla Textiles, The Phosphate Chemicals Pvt. Ltd., Triplex Water Engineering, Vardhman Industries, RSWM, Batteries, Raj Industries, Mylan Labs and others. The Company's single and double wall fuel storage tanks are positioned as a safe and cost-effective alternative to MS fuel storage tanks. The double wall storage tanks ensures that, if any leakages are detected before the fuel contaminates groundwater. The Company markets products to government and private sector Oil Marketing Companies (OMCs) which include the likes of Shell, HPCL, IOCL. In addition, the FRP underground and above ground storage tanks are used for water storage and conservation, chemical storage, and sewage treatment plants. Pursuant to Composite Scheme of Arrangement between Sintex Industries Limited and the Company and the wholly owned subsidiaries of the Company, Sintex-BAPL Limited and Sintex Infra Projects Limited and their respective Shareholders and Creditors, the Holding Company issued 55,49,41,700 equity shares of Re 1/- each to the equity shareholders of Sintex Industries Limited on 30 May 2017. In 2020-21, the Company registered exponential business growth for newly started production facility in Jamshedpur, in particular by supplying fuel tanks to both, Tata Motors and Adblue tanks to Cummins and Tata Motors as well.