GRP Limited, formerly known Gujarat Reclaim and Rubber Products Limited was incorporated in June, 1974. The name of the Company was subsequently changed to GRP Limited w.e.f. 21st June, 2012. At present, Company is engaged in manufacturing of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, moulded rubber products for different applications in both, tyre and non tyre rubber products. Its other businesses include Power generation from Windmill, Manufacturing of Engineering Plastics, Custom Die Forms and Polymer Composite Products.
In 1978, the company started production with a modest capacity of only 2400 MT at Ankleshwar in Gujarat. In the year 1984, they received their first export order. Also, they increased the production by 2400 MT to 4800 MT.
In the year 1986, the company set up a manufacturing unit at Solapur in Maharashtra. In the year 1991, they commenced production of Butyl Reclaim. In the year 1983, they commenced manufacture of surface treated crumb from Tyre crumb & NBR crumb. In the year 1997, the company increased the production from 7200 MT to 12000 MT. Also, they commenced production of products split and punched from waste tyres.
In the year 1999, the company commenced production of EPDM reclaim. In the year 2001, their manufacturing unit at Ankleshwar received ISO 9002 certification. Also, they installed a Captive Power plant during the year.
During the year 2002-03, the company increased the producti ...on capacity of Reclaimed & Crumb rubber from 13,500 to 15,300 MT. Also, they received ISO 9001 certification for their manufacturing unit at Solapur. During the year 2003-04, they further increased the production capacity of Reclaimed & Crumb rubber to 17,100 MT.
In the year 2004, the company was conferred the 'Export House' status by the Government of India for their steady export growth and performance.
During the year 2004-05, the company increased the production capacity of Reclaimed & Crumb rubber from 17,100 MT to 20,700 MT. Also, they received single ISO 9001 certification for both plants. During the year 2005-06, they further increased the production capacity of Reclaimed & Crumb rubber to 27,200 MT.
During the year 2006-07, the company set up their third reclaim plant at Panoli in Gujarat. Thus the production capacity of Reclaimed & Crumb rubber increased to 35,200 MT. Also, they received an integrated management system certification for ISO 9001 & 14001 from RWTUV for their Ankleshwar and Solapur manufacturing units.
During the year 2007-08, the company increased the production capacity of Reclaimed Rubber from 35,200 MT to 41,000 MT. Also, they started producing Crumb Rubber with the production capacity of 4,800 MT. The company received an integrated management system certification for ISO 9001 & 14001 from RWTUV for their Panoli Plant.
During the year 2009-10, the company increased the production capacity of Thermo Plastic Elastomers from 896 MT to 1200 MT. Also, they acquired Windmill with the production capacity of 600 KWH in Gujarat.
In 2010, the Company diversified into Industrial Polymers. In 2011, the 4th Unit was established at Solapur, Maharashtra; 5th Unit established at Perundurai, in Tamil Nadu. The Company in 2015, formed a joint venture with Marangoni S.P.A., Itlay for Tyre Retreading, In 2017, it diversified into Polymer Composite.
The Company incorporated GRP Circular Solutions Limited, wholly owned subsidiary on 3rd August, 2022. In 2023, the Company undertook capacity expansion in plastics business, commissioned a new facility in Dahej and invested in land adjoining their Solapur factory. Furthermore, it sold certain facilities to consolidate and invest in future growth and disinvested in subsidiaries Marangoni GRP Private Limited and GRIP Polymers Limited.
The Company commissioned the Crumb Rubber facility in Solapur in FY 2025.
FAQs on GRP Ltd
1. Can I buy GRP Ltd from PL Capital? ›
Yes, you can invest in GRP Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track GRP 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 GRP Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does GRP Ltd pay dividends? ›
Yes, GRP Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding GRP Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of GRP Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for GRP Ltd. is ₹ 1802.3 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of GRP Ltd ? ›
The 52-week high and low of GRP Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
