BSE Listed Mauria Udyog to be soon listed on NSE

Mauria Udyog Ltd. (MUL), a company listed on Bombay Stock Exchange, will be shortly listed on National Stock Exchange through Direct Listing route. This has been conveyed by the Company to BSE Ltd. by their letter dated 11th October 2019. On BSE, the Company’s Rs. 10/- paid up equity share is trading around Rs. 318. The Company’s turnover has reached Rs. 1200 crore during FY 2018-19.

MUL is an ISO 9001:2008 company certified by BSI, accredited by ANAB. MUL is also certified for ISO 45001: 2007 & ISO 14001: 2004 also by BSI for its Health Safety and Environmental Management Systems.

V. K. Sureka, Chairman of MUL. stated that the Company is active on 2 front, viz. Liquefied Petroleum Gas (LPG) and textiles. It has manufacturing facility situated at Faridabad. The Company has invested almost US$ 5 million in its manufacturing unit, employing a team of over 950. MUL is India’s leading exporter & manufacturer of welded steel LPG cylinders including propane cylinders, LPG valves, pressure regulators and LPG accessories. The U.S. International Trade Commission has recently imposed anti -dumping duties upto 137% on imports of steel propane/LPG cylinders from China and Thailand. This will immensely benefit MUL. The Company has just received a trial for supply of Propane cylinders to enter US market, which is a great achievement. The Company’s present turnover has reached US$ 50 million and it has potential to reach US$ 90 million in next 3 years.