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Kennametal India Ltd.

BSE: 505890 Sector: Engineering
NSE: WIDIA ISIN Code: INE717A01029
BSE LIVE 10:57 | 26 Sep 605.30 0.45
(0.07%)
OPEN

605.20

HIGH

607.50

LOW

605.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 605.20
PREVIOUS CLOSE 604.85
VOLUME 463
52-Week high 713.00
52-Week low 555.00
P/E 50.95
Mkt Cap.(Rs cr) 1,330
Buy Price 605.25
Buy Qty 1.00
Sell Price 614.85
Sell Qty 1.00
OPEN 605.20
CLOSE 604.85
VOLUME 463
52-Week high 713.00
52-Week low 555.00
P/E 50.95
Mkt Cap.(Rs cr) 1,330
Buy Price 605.25
Buy Qty 1.00
Sell Price 614.85
Sell Qty 1.00

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.