IFB Agro Industries Ltd
NSE: IFBAGRO BSE: 507438
₹864.60
(1.22%)
Fri, 06 Mar 2026, 01:20 pm
Market Cap8.12B
PE Ratio16.94
Dividend0
Consumer Non-Durables
Beverages: Alcoholic
24.5KCompany History
1982
- The company was incorporated as a private limited company under the name of Nag Bottling and Packaging Co. Pvt. Ltd.
- The company was promoted by Indian Fine Black Limited, Bijon Nag, and others.
1986
- The company became a public limited company and its name was changed to IFB Agro Industries Limited.
- The company took over the business of Nag Bottling and Packaging Company, a partnership firm.
- Technical collaboration was obtained from M/s. Starcosa, West Germany.
- The company revalued its plant and machinery and utility equipment at the Durgapur plant.
- 1,04,000 bonus shares were allotted to existing shareholders.
- 23,60,000 equity shares were issued, including 9,60,000 shares to promoters and 3,00,000 shares to WBIDC.
1987
- The State Government imposed restrictions that adversely affected the company's revenue and capacity utilization.
- A new Project Engineering and Contract Division was established to provide technical know-how and engineering services.
- A technical collaboration agreement was entered into with M/s. Starcosa GmbH of West Germany.
1989
- The project and engineering division received an order for setting up a project for manufacture of alcohol from starch using Starcosa technology.
1990
- The company commenced marketing of its Indian Made Foreign Liquor brands.
- Installation of additional facilities at the alcohol plant was started.
- Forfeiture on 400 shares was annulled.
1992
- Bottling facilities at Durgapur were upgraded.
- The second plant for manufacture of IMFL was under implementation.
- The company proposed to diversify into aquaculture and related projects.
- The company's projects and engineering division was re-oriented.
2007
- Mr. Rahul Choudhary was appointed as Company Secretary and Compliance Officer of the company with effect from 2nd April.
2012
- Mr. Indroneel Goho was appointed as President and Chief Operating Officer of the company.
2013
- Commercial production commenced at the Dankuni Unit of the company.
2015
- The company's Long Term issuer rating was upgraded to 'IND A' from 'IND A-'.
2022
- The capacity expansion project of the distillery at Noorpur, West Bengal, was completed, increasing spirit production capacity from 110 KL to 170 KL per day.
2023
- Commercial production commenced at the Marine Processing Plant in Kolkata after renovation and modernization works on 14th September.
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