La Opala RG Ltd Share Price

History of La Opala RG Ltd

La Opala RG Limited was incorporated in June, 1987. Promoted by Sushil Jhunjhunwala and his son Ajit Jhunjhunwala, the Company pioneered the launch of opal glass tableware in 1987 and crystal glassware in 1996 in India, creating benchmarks in elegant everyday tableware and barware. The Company's flagship brands- La Opala, Diva, and Solitaire have combined the style, strength and affordability to transform Indian dining preferences. The Company is India's reputed manufacturer of opalware, with a combined production capacity of 32,000 MTPA across its manufacturing units in Sitarganj (Uttarakhand) and Madhupur (Jharkhand). La Opala, the flagship brand, offers affordable opalware products, including dinner sets, plates, bowls, and tea and coffee sets. La Opala went public in Feb.'95 wit ...h an issue of 8.50 lac equity shares, aggregating Rs 340 lac, and the proceeds were used by financing project with Doosan Glass, South Korea, to gain the exclusive right to use the technical know-how, information, and data for the manufacture and sale of crystal ware in India and abroad. The company's products are exported to the East Asian and African countries. The company made a diversification in the field of glass tableware by producing 24% PbO(lead oxide) lead crystalware at Madhupur, Bihar. In Mar.'96 the company commenced commercial production of Crystalware project with the installed capacity of 540 tpa. The merger of Radha Glass & Industries Ltd, with the company was effective from 1st January 1999 followed by the change in name of the Company as 'La Opala RG Limited'. In 1999-2000, for the first time in Indian tableware industry, the company's exclusive showroom was opened in Kolkata, which has been highly acclaimed by its customers. In 2003-04, the Company launched Celebration range with new design, which received good response from the market. The production capacity of 24% Lead Hand Crafted Crystal has been substantially increased. In 2012, Company completed a major expansion project at Sitargunj, Uttarakhand. In 2018, capacity of the second furnace was increased. It launched the Cosmo Collection, catering to HORECA Segment (Hotels, Restaurants & Caterers). In 2022, the Company launched stylish range of square shapes, known as the Quadra Collection from Diva. It launched 24% lead crystal glassware under the brand name of Solitaire. The Company's greenfield plant situated in Sitarganj, in Uttarakhand, commenced commercial production. During the period 2022-23, Company commissioned the new Greenfield Project for production of Opal Glassware at Sitarganj, Uttarakhand.