Pacing ahead in a journey towards excellence, the coveted Nagreeka Group has added another jewel to its list of outstanding companies. A leading manufacturer and exporter of yarns, textiles, cotton, plastic coated aluminium/steel tapes and laminates, pre-coated aluminium fin stock and heat shrunk products; the group further diversifies to offer more. Successfully exporting its marvels the company has made its presence felt in over 40 countries. The flagship company of the group is Nagreeka Exports Ltd. which is privileged to be listed at the National Stock Exchange and the Bombay Stock Exchange.
The Group was founded by Mr. I.L Patwari and his family in the year 1953. It started with modest trading operations but has now come to be one of the largest and most reputed participants in each of its industries. Real estate, commodity trading and finance investment are few of the other arenas in which the Nagreeka Group has proved its excellence. The Group turnover is more than USD 120 million.
Nagreeka Foils Ltd., along with its subsidiary, Mala Overseas Pvt Ltd., is the largest Indian manufacturer of plastic clad aluminium and steel tapes and cable-jointing kits for the cable industry. It is also a leading global manufacturer of aluminium foil rolls and containers for household and catering use. Nagreeka Capital & Infrastructure Ltd. that represents diversified financial portfolio and trading activities went public on 2007 and is also listed on both the National Stock Exchange and the Bombay Stock Exchange.
With Nagreeka Group’s financial progress and existing connections in the aluminium industry, NHPL seeks to uplift raw material procurement, production, marketing and distribution and fund arrangement provisions in CAPEX.Since the unit is located only 3km from the National Highway, so transportation becomes very easy. Aluminium plants of major players such as Vedanta and Hindalco are located in and around the Sambalpur area which makes the location of NHPL, a strategic advantage. NHPL also plans to supply coal tar pitch to BALCO, NALCO, Hindustan Electro Graphite and Graphite India Ltd.