Golden Tobacco Ltd (Formerly known GTC Industries Ltd) was established in the year 1930 by Narsee Monjee. The company was changed to a private concern in June, 1955 and went public in the year 1970. The name of the Company was changed from GTC Industries Limited to Golden Tobacco Limited effective from 23'' July, 2008. Golden Tobacco, the flagship of Dalmia group is one of the prominent players in the cigarette market. The company's principal activity is to manufacture and market cigarettes and processed tobacco. They manufacture various categories of cigarettes, namely full flavor, lights, ultra lights, menthol, menthol lights and extra menthol lights. The company later diversified into petrochemicals, additives, paper, marine products, etc.
The company has world class manufacturing units, located at Mumbai in Maharashtra & Vadodara in Gujarat. They also own fully equipped printing press to produce all their packaging material. Some of the major cigarette brands owned by the company include Panama, Flair, Chancellor, Esquire, Legend and Burton.
In the year 1972, the company established their full-fledged manufacturing unit at Vadodara in Gujarat.
In the year 1979, the company was taken over by the Dalmia Industries. The company diversified their business into Petrochemicals, additives and paper and hence the name of the company was changed from Golden Tobacco Company Ltd to GTC Industries Ltd with effect form August 20, 1985.
In November 1985, the company starte ...d paper production in collaboration with Raigarh Paper Mills. In the year 1993, they commenced operations in their additives division. During the year 1994-95, the company co-promoted DSS Mobile Communication Ltd, the Nation's most widely located paging operation.
During they year 2004-05, the company subsidiaries, namely Panama Investment & Finance Ltd, Rajnigandha Investment & Finance Ltd, Olive Investment & Finance Ltd and GTC Investment Ltd merged with Western Express Industries Ltd, the wholly owned subsidiary of the company.
During the year 2007-08, the company launched a new category of cigarette, 'DIET BLUE' in the King Size by using their Patented Technology, 'ECOTINE' which is less toxic. In October 2007, the company entered into an agreement for the joint development of property situated at Hyderabad.
FAQs on Golden Tobacco Ltd
1. Can I buy Golden Tobacco Ltd from PL Capital? ›
Yes, you can invest in Golden Tobacco Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Golden Tobacco Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Golden Tobacco Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Golden Tobacco Ltd pay dividends? ›
Golden Tobacco Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Golden Tobacco Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Golden Tobacco Ltd. is ₹ 29.99 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Golden Tobacco Ltd ? ›
The 52-week high and low of Golden Tobacco Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
