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Ingersoll-Rand (India) Ltd.

BSE: 500210 Sector: Engineering
NSE: INGERRAND ISIN Code: INE177A01018
BSE 00:00 | 25 May 608.85 -19.75
(-3.14%)
OPEN

630.00

HIGH

630.00

LOW

607.00

NSE 00:00 | 25 May 612.75 -13.50
(-2.16%)
OPEN

630.00

HIGH

630.00

LOW

610.00

OPEN 630.00
PREVIOUS CLOSE 628.60
VOLUME 15428
52-Week high 927.50
52-Week low 607.00
P/E 21.62
Mkt Cap.(Rs cr) 1,922
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 630.00
CLOSE 628.60
VOLUME 15428
52-Week high 927.50
52-Week low 607.00
P/E 21.62
Mkt Cap.(Rs cr) 1,922
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ingersoll-Rand (India) Ltd. (INGERRAND) - Company History

Ingersoll-Rand India Ltd is a leading innovation and solutions provider with powerful brands and leading positions within their market. The company focuses on Air Solution Segment. They are having their manufacturing facility at Ahmedabad in Gujarat. Ingersoll-Rand India Ltd was established in the year 1921 in Kolkata. The company is one of the first Indo-American ventures in India. Till 1965, the company is in the trading business. In the year 1965, they set up their first manufacturing plant for reciprocating compressors at Naroda in Gujarat. In the year 1978, the company commissioned their second manufacturing plant at Bangalore for the production of construction, mining and water well drilling equipment. The company started Rotary Screw Compressor assembly and Centac Compressor packaging at their Naroda plant in the year 1983 and 1989 respectively. In the year 1993, the company started production of soil & asphalt compactors at their Bangalore plant and in the year 1994, Ahmedabad plant was expanded for manufacturing gas compressors. In the year 1996, Bangalore plant was expanded for in-house fabrication facility. Also, the company acquired majority stake in Wadco Tools, Sahibabad. In the year 2000, the company sold their Process Gas Compressor division in keeping with Ingersoll Rand Company's worldwide decision. In the year 2001, they launched Hydraulic drifter drills, which was built indigenously. In the year 2002, PET packaging facility was shifted form Ingersoll Rand's Davidson facility in USA to Ahmedabad plant. Also, they shifted Rotary Screw Compressor facility form their Bangalore plant to Ahmedabad Plant. In the year 2003, the company delivered the DM-H drill built to Northern Coal Fields, a subsidiary of Coal India Ltd. The company commenced their Climate Control business during the year 2002-03. During the year 2004-05, the company sold their Drilling Solutions Business to Atlas Copco India Ltd. However, the company continues to manufacture drills on behalf of Atlas Copco India Ltd. The company sold their Climate Control Business to Thermo King India Pvt Ltd, an associate company with effect from July 1, 2006 for a consideration of 33.40 crore. In May 2007, the company sold their Road Development Business to Volvo India Pvt Ltd for a consideration of Rs 231.82 crore. In November 2007, they sold Utility Equipment, Attachments and Bobcat Business to Doosan International India Pvt Ltd for a consideration of Rs 103.10 crore.