Incorporated in 1985 and promoted by Rajashekar and Gautam Chopra, Natural Stone Exports manufactures polished granite slabs for floorings, furnishings, etc. The company also owns mines, processing factories and showrooms all over India. It has a plant at Kolar, Karnataka, to manufacture polished granite slabs with an installed capacity of 15,000 sq mtr pa.
To finance the expansion of the capacity to 1 lac sq mtr pa of its granite slab plant at Kolar, the company entered the capital market in Aug.'94, offering equity shares aggregating Rs 5.85 cr.
The Karanataka government allotted granite mines on 50 acres of land to NSEL on a priority basis because of its 100% EOU status. The compan...
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