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Cimmco Ltd.

BSE: 505230 Sector: Engineering
NSE: CIMMCO ISIN Code: INE184C01028
BSE LIVE 15:27 | 22 May 85.00 -4.05
(-4.55%)
OPEN

89.50

HIGH

89.50

LOW

84.60

NSE 15:31 | 22 May 84.55 -2.85
(-3.26%)
OPEN

89.75

HIGH

89.85

LOW

83.65

OPEN 89.50
PREVIOUS CLOSE 89.05
VOLUME 3511
52-Week high 114.00
52-Week low 56.35
P/E
Mkt Cap.(Rs cr) 171
Buy Price 0.00
Buy Qty 0.00
Sell Price 85.00
Sell Qty 375.00
OPEN 89.50
CLOSE 89.05
VOLUME 3511
52-Week high 114.00
52-Week low 56.35
P/E
Mkt Cap.(Rs cr) 171
Buy Price 0.00
Buy Qty 0.00
Sell Price 85.00
Sell Qty 375.00

Cimmco Ltd. (CIMMCO) - Company History

Incorporated in Sep.'43 as a public limited company under the name Texmaco (Gwalior), the company was renamed Cimmco in Dec.'85. Xpro India, Cimmco Spinners and Indian plastics were amalgamated with the company and its name was subsequently changed to Cimmco Birla in Oct.'94. The company was promoted by G D Birla. At present, Siddharth Birla is the chairman and Sushil K Jain is the executive director of the company. CBL is engaged in the manufacture of textile machinery and accessories, steel castings, railway wagons, cotton yarn, co-extruded plastic sheets, thermo-setting plastics, etc. It came out with a rights issue of 40.4 lac equity shares at a premium of Rs 50 each aggregating Rs 24.24 cr. The funds were raised to standardise and rationalise man-power levels and work methods commensurate with operations and to augment long-term resources for working capital requirements and normal capital expenditure. The New Sheet Line was commissioned in April 1996 taking sheet capacity to 7500 MT. The company has reorganised and reconstructed the business of the company by transferring its non-engineering business (Xpro India ,Xpro India Bombay , Biax ans Cimmco Spinners divisions ) to Xpro India Limited (XIL) in the manner and on the terma and conditions stated in the scheme of Arrangement. In line with the scheme , all members of Cimmco Birla Limite will receive 1 Equity Share of Xpro India Limited for every 2 Equity Shares held in the company , automatically and with no payment , as on December 20, 1999. During the year 1999-2000, the company has procured an export order for wagons worth US $ 3.2 million from West Asia for manufacture and supply of phosphoric acid tank wagons.