FGP LTD.

FGP Ltd, previously known as Fibre Glass Pilkington Limited, was established on June 27, 1962. Initially backed by Fibreglass, UK, and Bombay Company Pvt Ltd., the company underwent a name change on April 15, 1982, following a public offering that reduced the foreign collaborator's ownership, transitioning it into a non-FERA entity. Subsequently, Fibreglass, UK, rebranded as FGP Holdings after the disinvestment of Pilkington, UK, its parent company. FGP Ltd operates in the Business Centre and property rental sectors. It initiated its operations with plants for manufacturing Rigid Preformed Sections for pipe insulation, effluent treatment, and waste fibre recycling. Further expansion occurred with the acquisition of the glass division of CEAT in June 1993. To address liquidity issues and finance modernization endeavors, the company conducted a rights issue in August 1995. Notably, its Hyderabad facility is the sole ISO 9001-certified unit in the Indian fibreglass industry. Additionally, the company privately placed long-term Non-Convertible Debentures totaling Rs. 7.50 Crores with institutions/mutual funds to support ongoing operations. In the fiscal year 2000-2001, FGP Ltd commenced its Business Centre operations, completing the development in two phases. By 2008-09, the company divested its entire stake in RPG Itochu Finance Limited, ceasing its subsidiary status.