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Honda Siel Power Products Ltd.

BSE: 522064 Sector: Engineering
NSE: HONDAPOWER ISIN Code: INE634A01018
BSE LIVE 14:21 | 22 Aug 1395.95 -26.55
(-1.87%)
OPEN

1426.00

HIGH

1426.00

LOW

1393.10

NSE 14:36 | 22 Aug 1395.00 -28.80
(-2.02%)
OPEN

1433.80

HIGH

1433.80

LOW

1391.00

OPEN 1426.00
PREVIOUS CLOSE 1422.50
VOLUME 527
52-Week high 1750.00
52-Week low 1233.00
P/E 24.83
Mkt Cap.(Rs cr) 1,415
Buy Price 1390.60
Buy Qty 10.00
Sell Price 1402.30
Sell Qty 8.00
OPEN 1426.00
CLOSE 1422.50
VOLUME 527
52-Week high 1750.00
52-Week low 1233.00
P/E 24.83
Mkt Cap.(Rs cr) 1,415
Buy Price 1390.60
Buy Qty 10.00
Sell Price 1402.30
Sell Qty 8.00

Honda Siel Power Products Ltd. (HONDAPOWER) - Company History

Honda Siel Power Products was incorporated in Sep.'85 as a joint venture, earlier it is called Shriram Honda Power, was promoted by Honda Motor Co, Japan, and Shriram Industrial Enterprises. Honda Motor, Japan, holds a 66.67% stake in the company. In 1998-99, it changed its name to Honda Siel Power Products. Its works is situated in Rudrapur (Uttaranchal), Pondicherry and at Greater Noida. The company manufactures and markets portable generating (PG) sets (inst. cap.: 1,75,000 pa), general purpose engines and water pumps at its plant in the Udham Singh Nagar district of Uttar Pradesh. It also has set up a plant at Pondicherry, commercial production at which commenced in Sep.'95. In 1991-92, the company took up a major indigenisation programme to set up in-house machining facilities for crankshafts rotorshafts. In Jul.'93, it received the ISO 9001 certification from RWTUV, Germany, for quality assurance systems in the design, manufacture, installation and after-sales service of its products. It achieved the Export House status in Sep.'94. The company sells its products to customers and institutions through regional offices and dealers. At present, it exports to over 25 countries in Africa, Europe, South America and Asia. In June, 2000, the company commenced the in-house manufacture of flywheel required for Gensets, GP Engines and water pumping sets. The Company has set up a Pressure Die-Casting plant in Greater Noida, U.P, at a capital outlay of 7.80 crores. The Commercial production commenced in December 2000. The Company has drawn plans to take up ERP (IT Project) for all its functions across the company in a phased manner.