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Ador Welding Ltd.

BSE: 517041 Sector: Engineering
NSE: ADORWELD ISIN Code: INE045A01017
BSE 00:00 | 20 May 665.30 35.65
(5.66%)
OPEN

698.00

HIGH

698.00

LOW

635.00

NSE 00:00 | 20 May 666.35
(%)
OPEN

642.00

HIGH

674.85

LOW

637.75

OPEN 698.00
PREVIOUS CLOSE 629.65
VOLUME 908
52-Week high 852.10
52-Week low 401.30
P/E 22.27
Mkt Cap.(Rs cr) 905
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 698.00
CLOSE 629.65
VOLUME 908
52-Week high 852.10
52-Week low 401.30
P/E 22.27
Mkt Cap.(Rs cr) 905
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ador Welding Ltd. (ADORWELD) - Company History

Ador Welding Ltd(AWL) formerly known as Advani Oerlikon Ltd was promoted on 22 Oct.'1951 by J B Advani & Co and the Oerlikon-Buhrle group (now unaxis) Switzerland. It is India's leader in the field of Welding Products Technologies & Services. Over the last 50 years AWL has successfully built a brand that is recognized for Quality & Services in over 40 Countries today. With six manufacturing plants a comprehensive distribution & highly acclaimed Centre for Welding Excellence CWE AWL continues to provide the highest level of Customer Satisfaction. The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products & Welding Automation Systems. The Company changed to its present name in September 2003 from Advani Oerlikon Ltd.AWL has six manufacturing plants at Bhandup Chinchwad Raipur Chennai Pimpri and Silvassa offers a welding package which includes a wide variety (over 200 types) of electrodes fluxes flux-cored wires and special customised electrodes. The company has installed capacity of 107800 tpa for Arc Welding Electrodes & Continuous Welding Wires and Fluxes. It caters to the steel ship-building defence power automobile general fabrication and engineering industries. The company has Two Technology Development Centres (TDC) at Bhandup (Mumbai) and Chinchwad (Pune) in Maharashtra. These TDCs continue to pursue their goals with renewed vigour in terms of innovations improvements and cost reductions.The company came out with a rights issue in Jan.'1994 to part- finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies - Oerlikon Burhle Switzerland and La Soudure Autogene Francaise France. Certification from internationally accepted inspection agencies - Lloyds Register of Shipping Det Norske Veritas American Bureau of Shipping and Bureau Veritas -- makes Advani Oerlikon's products globally acceptable. It has also received the ISO-9002 certification for its 100% EOU.During 1998-99 'Semiconductor Limited' a 100% subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL & Central Depositary Services (I) Ltd & the same is expected to start its operation soon and expand its reach. The company made buy back of 2229833 equity shares @ Rs.20/- per shares totalling to Rs.4.46 crores in 2002-03. M/s Oerlikon Welding Limited the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April2002.In 2006 the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products.

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