You are here » Home » Companies » Company Overview » Ador Welding Ltd

Ador Welding Ltd.

BSE: 517041 Sector: Engineering
NSE: ADORWELD ISIN Code: INE045A01017
BSE LIVE 15:22 | 02 Dec 285.25 -4.85
(-1.67%)
OPEN

288.00

HIGH

288.00

LOW

283.30

NSE LIVE 15:29 | 02 Dec 284.35 -5.80
(-2.00%)
OPEN

288.00

HIGH

289.50

LOW

282.60

OPEN 288.00
PREVIOUS CLOSE 290.10
VOLUME 423
52-Week high 364.00
52-Week low 231.70
P/E 18.87
Mkt Cap.(Rs cr) 387.94
Buy Price 283.45
Buy Qty 12.00
Sell Price 286.80
Sell Qty 2.00
OPEN 288.00
CLOSE 290.10
VOLUME 423
52-Week high 364.00
52-Week low 231.70
P/E 18.87
Mkt Cap.(Rs cr) 387.94
Buy Price 283.45
Buy Qty 12.00
Sell Price 286.80
Sell Qty 2.00

Ador Welding Ltd. (ADORWELD) - Company History

Ador Welding Ltd(AWL) , formerly known as Advani Oerlikon Ltd, was promoted on 22 Oct.'1951 by J B Advani & Co and the Oerlikon-Buhrle group (now unaxis), Switzerland. It is India's leader in the field of Welding Products, Technologies & Services. Over the last 50 years, AWL has successfully built a brand that is recognized for Quality & Services in over 40 Countries today. With six manufacturing plants, a comprehensive distribution & highly acclaimed Centre for Welding Excellence CWE, AWL continues to provide the highest level of Customer Satisfaction. The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products & Welding Automation Systems. The Company changed to its present name in September, 2003 from Advani Oerlikon Ltd. AWL has six manufacturing plants at Bhandup, Chinchwad, Raipur, Chennai, Pimpri and Silvassa, offers a welding package which includes a wide variety (over 200 types) of electrodes, fluxes, flux-cored wires and special customised electrodes. The company has installed capacity of 1,07,800 tpa for Arc Welding Electrodes & Continuous Welding Wires and Fluxes. It caters to the steel, ship-building, defence, power, automobile, general fabrication and engineering industries. The company has Two Technology Development Centres (TDC) at Bhandup (Mumbai) and Chinchwad (Pune) in Maharashtra. These TDCs continue to pursue their goals, with renewed vigour, in terms of innovations, improvements and cost reductions. The company came out with a rights issue in Jan.'1994 to part- finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies - Oerlikon Burhle, Switzerland, and La Soudure Autogene Francaise, France. Certification from internationally accepted inspection agencies - Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and Bureau Veritas -- makes Advani Oerlikon's products globally acceptable. It has also received the ISO-9002 certification for its 100% EOU. During 1998-99 'Semiconductor Limited' a 100% subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL & Central Depositary Services (I) Ltd & the same is expected to start its operation soon and expand its reach. The company made buy back of 22,29,833 equity shares @ Rs.20/- per shares totalling to Rs.4.46 crores in 2002-03. M/s Oerlikon Welding Limited, the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order, an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April,2002. In 2006, the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard