Karachi, International Industries Limitedinformed Pakistan Stock Exchange about transaction of shares of the company. 1,948,063 shares @ Rs. 200 per share were bought from the market on February 15, 2018 and 500,000 shares @ Rs. 200 per share were bought from the market on February 16, 2018.
The International Industries Limited was established as Sultan Chinoy& Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.
The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW.
The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.