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Cummins India Ltd.

BSE: 500480 Sector: Engineering
NSE: CUMMINSIND ISIN Code: INE298A01020
BSE LIVE 15:51 | 17 Nov 855.30 2.00
(0.23%)
OPEN

855.20

HIGH

859.40

LOW

829.15

NSE 15:47 | 17 Nov 856.10 5.65
(0.66%)
OPEN

856.50

HIGH

860.00

LOW

850.55

OPEN 855.20
PREVIOUS CLOSE 853.30
VOLUME 11930
52-Week high 1096.20
52-Week low 747.75
P/E 34.47
Mkt Cap.(Rs cr) 23,709
Buy Price 855.30
Buy Qty 980.00
Sell Price 0.00
Sell Qty 0.00
OPEN 855.20
CLOSE 853.30
VOLUME 11930
52-Week high 1096.20
52-Week low 747.75
P/E 34.47
Mkt Cap.(Rs cr) 23,709
Buy Price 855.30
Buy Qty 980.00
Sell Price 0.00
Sell Qty 0.00

Cummins India Ltd. (CUMMINSIND) - Company History

Cummins India Ltd is a leading manufacturer of diesel and natural gas engines. The company operates in four business segments: Industrial, Automotive, Power Generation and Distribution. The Industrial Engine Business caters to the industrial sector with the Company's diesel engines ranging from 18 horse powers to 3,500 horse power. The range is designed to power varied market segments, such as construction, mining, compressor, marine, rail, agriculture, pumps, oil & gas, power generation and defense. The Power Generation Business design and manufacture pre-integrated generator sets, transfer switches, paralleling equipment and controls. The Automotive Business integrates the Company's diesel and natural gas engines with related technologies, such as filtration, exhaust, turbo, fuel and coolant systems and lube oil to serve the commercial vehicle segment in India. The Distribution segment operates under the brand name Cummins Sales and Service India. Cummins India Ltd was incorporated in the year 1962 with the name Kirloskar Cummins Ltd. Kirloskar Oil Engines Ltd and Cummins Company Inc., Columbus, USA promoted the company. The company started their operations in Pune. The partnership continued to flourish, till up till 1997, when the Kirloskar sold their ownership in the company. Also, Cummins Inc. increased their stake to 51% and the rest being traded on the Bombay Stock Exchange. This led to the formation of Cummins India Ltd, a consolidated subsidiary of Cummins Inc. In the year 1987, the joint venture Fleetguard Filters Pvt Ltd was formed between Cummins Filtration Inc. and Perfect Sealing Systems Pvt Ltd to manufacture air, fuel, oil and water filters for Cummins and other engine manufacturers. In the year 1989, the company started another joint venture with Crompton Greaves & Newage, and formed CG Newage Ltd. Crompton sold its holding to Cummins in 2002. In 2006, Cummins took over completely and the entity began operating under the name of Cummins Generator Technologies India Limited. Three manufacturing facilities, each in Pune, Ahmednagar and Ranjangaon manufacture alternators ranging from 5 to 2000 kVA. Aligned with the Corporation's initiatives towards a cleaner and healthier environment, the plant in Ranjangaon set up in 2007, is the first green plant in India. In the year 1993, Cummins Inc. and Tata Motors Ltd formed another joint venture, Tata Cummins Ltd to produce mid-range engines for Tata Motors' commercial vehicles. With a manufacturing plant at Jamshedpur and a second plant at Phaltan in Maharashtra, Tata Cummins Limited remains a significant contributor to Cummins' profitable growth in India. In the year 1998, Valvoline Cummins Ltd was started as a 50:50 joint venture between Cummins India Ltd and Ashland that manufactures automotive lubricants, transmission fluids, gear oils, hydraulic lubricants, automotive filters, specialty products, greases and cooling system products. The entity is headquartered in Delhi, with a manufacturing facility at Panvel. In the year 2002, Cummins Infotech Ltd was merged into KPIT Infosystems Ltd to form KPIT Cummins Infosystems Ltd, a global IT consulting and product engineering partner to manufacturing and financial services organizations. In the year 2003, Cummins Research Technology India Led was started in Pune as part of a global effort to perform low-cost, high-quality engineering work. It was the first, and so far the only, Cummins research center to be built without physical laboratories. The facility uses the latest computer technology to support design and analysis for Cummins worldwide. In the year 2008, Cummins Technologies India Ltd was formed. During the year 2009-10, as per the scheme of amalgamation, Cummins Sales & Services India Ltd (CSS) and Cummins Auto Services Ltd (CASL) were amalgamated with the company with effect from April 01, 2008. The scheme became operative on April 1, 2009. In April 2011, the company divested their entire 2 million shares held in Cummins Exhaust India Ltd for a consideration of Rs 5,344 lakh.