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Consortex Karl Doelitzch (India) Ltd.

BSE: 531852 Sector: Engineering
NSE: APOWERTOOL ISIN Code: INE870A01018
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Consortex Karl Doelitzch (India) Ltd. (APOWERTOOL) - Company History

Incorporated as a public limited company in Sep.'84, Consortex Karl Doelitzch( previously known as Andhra Pradesh Power Tools) was promoted as a joint venture by the Andhra Pradesh Industrial Development Corporation (APIDC) to manufacture high quality electric power tools, with U M S Kolluri, K K P Pillai and V P Rao, as co-promoters. The company has a technical-cum-financial collaboration with Consortex Karl Doelitzsch, Germany. Consortex is a designated agency of Fein, Germany. Fein is on of the leading manufacturers of power tools. During the intial years, the company introduced products to the Indian market, whereby 60% of the products were new to the Indian customers. It went in for test marketing its products and the response was good. The company implemented a phased manufacturing programme (PMP) with 60% imported components and 40% indigenous components, in 1989. It set up assembling, testing and after sales service facility as a first stage in the PMP scheme. The company made a public issue in January,1996 as it had set a plant for the manufacture of power tools at Balapalli in the Anatpur district of Andhra Pradesh. The company ventured into new field of activities of information and technologies and draws plans for setting-up `Engineering Software Development Centre' at Devenhalli - Bangalore and `Research and Development Centre' at Begumpet - Hyderabad. "Consortexindia.com", the official website contains a store house of information and varied power tools relating to specific skilled applications and the site "powertoolsworldtrade.com" provides comprehensive source of information on the state-of-the-art power tool technologies of the world under one roof which is the largest B2B site in this field setting new trends and standards with its innovative energy & focus on quality.