Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Garware Technical Fibres leads the mechanized fishing market in India

Posted On: 2021-01-13 08:58:06 (Time Zone: Arizona, USA)


The Indian fisheries sector contributes about 1% to India's GDP playing a significant role in the Indian economy. And Garware Technical Fibres Ltd (GTFL) is one of India's largest technical textiles manufacturer which dominates the mechanized fishing market space as a solution provider to the Indian fishermen community at large.

Shujaul Rehman, CEO, Garware Technical Fibres said, "The best and scientifically designed fishing nets made by Garware are designed in a way to ensure that only the right type of fish is caught. The fishing nets made by GTFL have the capacity to carry huge tonnages and each kind of fishing application has a different type of fibre and netting design. Through close engagement with the fishing community and continuous dialogue we have helped them create net designs that reduce fuel consumption of trawlers and increase the scope for higher catches. For designing such solutions our R&D team works on the fishermen's challenges and uses technology and design to create effective solutions".

Over the years the company has grown by making customer-focused innovations for Indian fishermen. Elaborating on the success of Garware fishing nets, Shujaul Rehman added, "An Indian fisherman spends almost 70% of his expenses on diesel, which is used to power a typical fishing trawler. Our solution lies in creating nets that reduce drag and thus fuel consumption, by which fishermen can now save up to 50 to 100 litres of diesel per trip, with total savings that can go up to Rupees One Lakh per year per fishing trawler. The GTFL innovation lies in designing fishing nets in such a way, that drag itself is reduced without losing either the fish or impacting the speed of the vessel while ensuring the right type of fish. To achieve this, a combination of the right material, configuration of the net and the design are critical, and this is the reason Garware fishing nets are preferred by fishermen across India".

Shares of Garware Technical Fibres Ltd was last trading in BSE at Rs.2214.25 as compared to the previous close of Rs. 2232.9. The total number of shares traded during the day was 1495 in over 665 trades.

The stock hit an intraday high of Rs. 2241.95 and intraday low of 2199.5. The net turnover during the day was Rs. 3310571.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

TGV Sraac Ltd reports lower Q3FY21 net profit of Rs. 9.85 crore

Aarti Drugs Ltd Q3FY21 consolidated PAT drops QoQ to Rs. 68.04 crore

Lakshmi Electrical Control Systems Ltd Q3FY21 net profit at Rs. 0.0875 crore

PG Electroplast Ltd Q3FY21 net profit rises to Rs. 6.49 crore

Kirloskar Ferrous Industries Ltd Q3 net profit jumps to Rs. 118.32 crore

Stylam Industries Ltd reports Rs. 12.46 crore consolidated PAT in Q3FY21

Vinyl Chemicals India Ltd posts Rs. 4.83 crore PAT in Q3 FY2020-21

APL Apollo Tubes Ltd Q3FY21 consolidated PAT higher at Rs. 132.04 crore

Thomas Cook India inks strategic agreement with Destination Maldives

PNC Infratech Limited receives LOAs for Six New Rural Drinking Water Supply Projects on EPC mode for an aggregate value of Rs. 2475.00 crore

Arihant Capital Markets Ltd posts consolidated PAT of Rs. 8.94 crore in Q3FY21

Kotak Mahindra Bank posts Rs. 2575.74 crores consolidated PAT in Q3 FY2020-21

Shri Jagdamba Polymers Ltd Q3 net profit jumps to Rs. 11.35 crore

UCO Bank Q3FY21 PAT at Rs. 35.44 crore

DCW Limited board approves fund raising through warrants

Lupin Receives approval for Sevelamer Carbonate Tablets

Strides receives USFDA approval for Ursodiol Capsules

Kiri Industries Limited starts commercial production of Specialty Intermediates at Vadodara Palnt

Bannari Amman Spinning Mills Ltd board approves stock split, CDR

Padget Electronics to commence manufacturing of Nokia smartphones as HMD Global's manufacturing partners

Zydus' Desidustat shows efficacy and safety in treating Hypoxia in hospitalized Covid-19 patients in Mexico

Wipro recognised as Top Employer 2021 in Australia for the second consecutive year

Antony Waste Handling Cell Ltd updates on business during Q3 FY21

Tiaan Consumer Limited Signs Up as a Beauty Partner for Safe Speed Challenge

R S Software India Ltd posts loss of Rs. 5.11 crore in Q3FY21

NCL Industries Ltd to set up 2000 TPD cement grinding unit

Riba Textiles Limited to expand capacity

United Spirits Limited to sell its stake in Tern Distilleries Pvt Ltd for Rs. 30 crore

Hinduja Global Solutions Limited arm raises stake in HGS Digital LLC to 100%

Adani Green Energy Signs Agreement to Acquire 20 MW Operating Solar Asset for INR 133 cr

Steel Exchange India Limited receives OTS sanction letters from all lenders

DCB Bank Ltd posts Q3FY21 net profit of Rs. 96.21 crore

Vivanza Biosciences Ltd posts consolidated PAT of Rs. 0.16 crore in Q3

Arihant Superstructures Ltd Q3FY21 consolidated net profit at Rs. 1.94 crore

ICRA reaffirms rating of IIFL Finance Ltd, IIFL Home Finance Ltd

Zenotech Laboratories Ltd appoints Mr. Devendra Chandrakant S. Kenkre as CEO

Polycab India Ltd reports Q3FY21 consolidated PAT of Rs. 262.50 crore

JM Financial Ltd posts consolidated PAT of Rs. 180.76 crore in Q3 FY2020-21

Birla Corporation Ltd Q3FY21 consolidated PAT at Rs. 148.42 crores

Sportking India Ltd Q3 net profit zooms to Rs. 30.32 crore

APM Finvest Ltd Q3FY21 net profit jumps to Rs. 6.90 crore

Ultratech Cement Ltd reports jump in Q3FY21 consolidated PAT to Rs. 1584.34 crores

Supreme Industries Ltd Q3FY21 Q3FY21 consolidated PAT zooms to Rs. 312.28 crore

Mahindra Lifespaces achieves residential sales of Rs. 195 crores during Q3FY21 up 70% over Q2FY21

Rossari Biotech Ltd Q3FY21 consolidated PAT up at Rs. 21.60 crore

Vimta Labs Ltd Q3FY21 net profit up at Rs. 8.01 crore

Pudumjee Paper Products Ltd reports loss in Q3FY21

Zydus Cadila receives final approval from USFDA for Liothyronine Sodium Tablets

Tata Power Solar receives the EPC order for INR 1200 Crore from NTPC for setting up of 320MW ground mounted Solar PV project

Pil Italica Lifestyle Ltd Q3FY21 PAT at Rs. 2.02 crore



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020