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Modison Metals Ltd.

BSE: 506261 Sector: Engineering
NSE: N.A. ISIN Code: INE737D01021
BSE LIVE 15:49 | 21 Nov 71.30 0.15
(0.21%)
OPEN

70.00

HIGH

71.50

LOW

70.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 70.00
PREVIOUS CLOSE 71.15
VOLUME 13634
52-Week high 83.00
52-Week low 47.25
P/E 18.71
Mkt Cap.(Rs cr) 232
Buy Price 71.30
Buy Qty 17.00
Sell Price 0.00
Sell Qty 0.00
OPEN 70.00
CLOSE 71.15
VOLUME 13634
52-Week high 83.00
52-Week low 47.25
P/E 18.71
Mkt Cap.(Rs cr) 232
Buy Price 71.30
Buy Qty 17.00
Sell Price 0.00
Sell Qty 0.00

Modison Metals Ltd. (MODISONMETALS) - Company History

Modison Metals Limited (MML) is an India-based company. The Company operates in two business segments: Electrical Contacts and Silver Flatware. It manufactures electrical contacts for low, medium, high and extra high voltage switchgears. Silver Flatware is the other product manufactured by the Company. Modison Metals Limited was founded as a trading unit in 1965, by Mr. G.L. Modi, to deal in tool steels and export of engineering and general merchandise. A decade later in 1975, Mr. G.L. Modi established the first manufacturing facility in Mumbai, for refining of silver and started exporting large quantities of refined silver to renowned bankers and dealers in Europe and U.S.A. MODISON was instrumental in establishing '999' Good Delivery Silver Bars in India for bullion trading. Within two years after starting silver refining, the company's founder realized the vast potential for Electrical Contacts and Contact Materials for switchgear industry and thus facilities were added to manufacture silver and silver alloy wires, plates, strips and solid/ bitmetal contacts. This was the beginning of MODISON's contacts manufacturing at Mumbai. The company soon realized that in order to cater to the market needs, the company must have a sound technical and R&D back-up. With this in mind the company signed up technical collaboration with DODUCO KG, Pforzheim, Germany, in 1983, the world's leading manufacturer of contact materials. From 1983 till 1996 MODISON had technical collaboration with DODUCO. The excellent technical support from DODUCO helped MODISON develop many hi-tech products, which were hitherto, imported by Indian Switchgear Industry. Today, MODISON Group has plants at two locations in Western India at Vapi and Silvassa, employing more than 350 people. MODISON is the only company globally manufacturing electrical contact materials and finished contacts for low, medium and high tension switchgear industry under one roof starting from Silver Refining to producing all the contact materials (Ag Alloys, CuCr, CuCrZr, ETP, OFC, Cu-Ag 0.1%, CuNi2Si etc.) by Powder Metallurgy or by melting & alloying is carried out in house. In addition having state-of-the-art Electron Beam Welding machines, VIM furnaces, CNC Machining Centers and Ag plating plant all under one roof, is an added competitive edge. This helps in faster development and supply of economical and quality products meeting customers' expectations. Modison Metals Limited is ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 and Modison Copper Pvt Ltd is ISO 9001:2008 accredited companies. Modison is having in-house R&D dedicated to develop and manufacture products using the best available technology and equipments for ensuring continual improvements in productivity, cost reduction and development of defect-free products.