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Igarashi Motors India Ltd.

BSE: 517380 Sector: Engineering
NSE: IGARASHI ISIN Code: INE188B01013
BSE LIVE 15:40 | 18 Aug 992.60 -14.35
(-1.43%)
OPEN

1005.80

HIGH

1005.80

LOW

990.00

NSE 15:31 | 18 Aug 994.80 -12.10
(-1.20%)
OPEN

997.05

HIGH

1004.00

LOW

990.00

OPEN 1005.80
PREVIOUS CLOSE 1006.95
VOLUME 1449
52-Week high 1125.00
52-Week low 650.00
P/E 41.08
Mkt Cap.(Rs cr) 3,038
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1005.80
CLOSE 1006.95
VOLUME 1449
52-Week high 1125.00
52-Week low 650.00
P/E 41.08
Mkt Cap.(Rs cr) 3,038
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Igarashi Motors India Ltd. (IGARASHI) - Company History

CG Igarashi Motors (CIM), incorporated in Jan.'92 was promoted by Crompton Greaves (CGL), Igarashi Electric Works (IEW), Japan, and International Components Corporation (ICC), US. CIM manufactures permanent magnet micrometers. The company has technical collaborations with IEW and ICC for technology transfer and sourcing of all critical plant and equipment. CIM also has a marketing arrangement with ICC under which ICC will purchase five mln micrometers pa from CIM. CIM plans to venture into high-volume subcontracting for end-user multinational companies. The company came out with a Rs 2.77-cr public issue in Jan.'94 to part-finance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr. During 1997-98, the company has expanded capacity of Rotors by 1.5 million nos there by taking the capacity to 3.5 million nos and then to 6 million nos in 1998-99. The company was certified QS 9000 in November 1998 and the Quality System has been upgraded to conform to the latest edition of QS 9000 with effect from January 2000. During 2002-03 Crompton Greaves Limited have divested their holding in favour of Igarashi Electric Works. Since Igarashi Electric Works(HK) ltd have acquired 30,99,993 equity shares of CG Capital & Investments Ltd, the Board has decided to change the name of the company and the Registrar have approved 'Igarashi Motors India Limited' as the new name. The company is examining the possibility of spinning off its non motor business into a focused JV with Igarshi Electric Works, Japan.