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India Nippon Electricals Ltd.

BSE: 532240 Sector: Auto
NSE: INDNIPPON ISIN Code: INE092B01017
BSE LIVE 11:57 | 23 Nov 1180.00 75.20
(6.81%)
OPEN

1110.00

HIGH

1187.80

LOW

1105.75

NSE 11:43 | 23 Nov 1177.90 74.80
(6.78%)
OPEN

1105.60

HIGH

1188.80

LOW

1103.10

OPEN 1110.00
PREVIOUS CLOSE 1104.80
VOLUME 1864
52-Week high 1424.80
52-Week low 472.00
P/E 33.33
Mkt Cap.(Rs cr) 1,335
Buy Price 1172.65
Buy Qty 16.00
Sell Price 1180.00
Sell Qty 9.00
OPEN 1110.00
CLOSE 1104.80
VOLUME 1864
52-Week high 1424.80
52-Week low 472.00
P/E 33.33
Mkt Cap.(Rs cr) 1,335
Buy Price 1172.65
Buy Qty 16.00
Sell Price 1180.00
Sell Qty 9.00

India Nippon Electricals Ltd. (INDNIPPON) - Company History

India Nippon Electricals Ltd(INEL), established in 1985 as a Joint Venture between Lucas Indian Services(a Wholly Owned Subsidiary of Lucas TVS) and Kokusan Denki Co. Ltd, Japan (a group company of Hitachi Japan) is into manufactures vital electronic ignition systems for two-wheelers, Portable Gensets and three wheelers. The vital electronic ignition parts manufactured by INEL includes Flywheel Magnetos, Capacitor Discharge Ignition(CDI) units, Ignition Coils, Integral Units and Regulators/Rectifiers. The company has three manufacturing facilities one each in Tamilnadu(Hosur), Pondicherry, and Haryana(Rewari Dist). The company set up a plant at Pondicherry for producing ignition systems for diesel version of three-wheelers. The Pondicherry plant has commenced commercial production in 1998. The company which started with an one cliente has now supplies to all two-wheeler, three-wheeler and Portable Genset manufactureres in India. The company signed an agreement with collaborator Kokusan Denki Company, Japan, for introducing Digital Ignition on a new vehicle contemplated shortly for introduction by one of the major customer. The company's thrust to R&D efforts to design and develop products indeginously start yielding fruits and the contribution of the indigenously designed and developed products to the topline of the company amount to 40%. It made an offer to buy-back 3,95,600 fully paid up equity shares at a price not exceeding Rs.230/- per equity share. The company has set up new facilities for the manufacture of flywheel magnetos at Rewari, Haryana to serve customers in North India. The company made a bonus issue of 3326680 shares at Rs.10 each in the ratio of 7 bonus shares for 10 shares held in the company. The company enhanced the capacity of Contact Breakers to 52,60,000 No in 2002-03.