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Kennametal India Ltd.

BSE: 505890 Sector: Engineering
NSE: WIDIA ISIN Code: INE717A01029
BSE LIVE 15:59 | 22 Nov 686.10 -8.30
(-1.20%)
OPEN

705.90

HIGH

705.90

LOW

683.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 705.90
PREVIOUS CLOSE 694.40
VOLUME 3313
52-Week high 744.00
52-Week low 555.00
P/E 52.41
Mkt Cap.(Rs cr) 1,508
Buy Price 0.00
Buy Qty 0.00
Sell Price 686.10
Sell Qty 28.00
OPEN 705.90
CLOSE 694.40
VOLUME 3313
52-Week high 744.00
52-Week low 555.00
P/E 52.41
Mkt Cap.(Rs cr) 1,508
Buy Price 0.00
Buy Qty 0.00
Sell Price 686.10
Sell Qty 28.00

Kennametal India Ltd. (WIDIA) - Company History

Kennametal Widia India Ltd.(formerly Widia India Ltd), promoted by Meturit, Switzerland, associates of the Fried Krupp Widia Fabrik unit of Krupp group, Germany, and Sak Industries, Switzerland. The company's collaborator Meturit, Switzerland, holds 88.16% stake. The company incorporated in 1964 manufactures hard metal products, mining tools, special-purpose machines, metal castings, formings, jigs and fixtures. It exports its products to Japan, Germany and the south-east Asian countries. The company received the ISO 9001 certification in 1992. In 1994, the company was taken over by Cincinnati Milacron, US. The company's wholly owned subsidiary Widaroc (India) was merged with the company with effect from Jan'95.It has also introduced several new state of the art products. Some of them are, new generation milling cutters, new special solid carbide tools, new generation coated inserts, warming forging tools for bearing industry, cold forgings dies for big auto components, etc. During 2000-01, the company sub-divided its equity share face value of Rs.10/- each into 2 equity shares of Rs 5/- each and the company upgraded the Oil Well Rock Roller Bits. The company's Mining and Construction Tools business was sold for a cash consideration of Rs.64.9 crores to Sandvik Smith A.B/ its subsidiary with effective from 1, March 2004. In the year 2005, the name of the company was changed from Kennametal Widia India Ltd to Kennametal India Limited. During 2004-05, the company has installed the Hard metal and hard metal products with the capacity of 210 MT and the company expanded its installed the capacity of Special purpose machines including accessories by 50 Nos. The installed capacity of Special purpose machines including accessories has increased to 125 Nos.