Fort Gloster Jute Manufacturing Company Limited acquired land of the erstwhile garrison of Fort Gloster on a strategic and picturesque location along the Ganges to set up its Jute factory.
The old mill was demolished and the cable division was formed to manufacture electric wires and cables in technical collaboration with the world's pioneer cable group M/S British Insulated Callenders Co. Ltd., U.K.(BICC). Company's name was changed to Fort Gloster Industries Limited, to denote its new activities.
First Radial Curing Process for manufacture of High Voltage, XLPE Cables were manufactured with Sumitomo Electric, Japan for which a state of art CCV Line was imported from Japan.
The Jute Division of the Company was demerged as a separate company known as Gloster Jute Mills Limited (now Gloster Limited).
Shri GD Bangur stepped down as Chairman and handed over the management and control of the company to Shri S.K Bangur.
The company was admitted to BIFR and the plant stopped operations.
The Fort Gloster Industries limited was reacquired by Gloster Limited under the leadership of Shri Hemant Bangur, son of Late Gopal Das Bangur through Corporate Insolvency Resolution Process (CIRP).
The entire Manufacturing facility is being revamped, expanding the factory premises and discarding the obsolete machineries and installing the latest machines.
Fort Gloster Industries has setup state of art manufacturing and testing facilities. It has a well-integrated quality assurance division to ensure perfection in every product.