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DE Nora India Ltd.

BSE: 590031 Sector: Engineering
NSE: DENORA ISIN Code: INE244A01016
BSE 00:00 | 28 Feb 221.85 -10.20
(-4.40%)
OPEN

223.50

HIGH

225.00

LOW

215.75

NSE 00:00 | 28 Feb 222.30 -8.55
(-3.70%)
OPEN

223.00

HIGH

226.05

LOW

215.25

OPEN 223.50
PREVIOUS CLOSE 232.05
VOLUME 986
52-Week high 330.00
52-Week low 191.00
P/E 58.08
Mkt Cap.(Rs cr) 118
Buy Price 221.85
Buy Qty 75.00
Sell Price 224.50
Sell Qty 55.00
OPEN 223.50
CLOSE 232.05
VOLUME 986
52-Week high 330.00
52-Week low 191.00
P/E 58.08
Mkt Cap.(Rs cr) 118
Buy Price 221.85
Buy Qty 75.00
Sell Price 224.50
Sell Qty 55.00

DE Nora India Ltd. (DENORA) - Company History

Titanor Components (TCL) was incorporated in Jun.'89 and commenced business in Nov.'89. It was promoted by Kamljit Singh and Krishan Mohan Khanna and is currently managed by chairman Franco Ladavas. It has a technical-cum-financial collaboration with Oronzio De Nora group, Italy (40% stake). The company came out with a rights issue in Aug.'92 aggregating Rs 6.5 cr to finance a new plant at Goa and working capital requirements. It manufactures coated metal electrodes, water electrolysers, electro-chlorinators, cathodic protection systems catering to the chlor-alkali industry. The company had acquired the metal anode division of Wimco in Nov.'89. In 1995-96, the company shut down one of its plant at Rampur (UP) as part of its cost reduction exercise. During 1996-97, the company's electrochlorinator product seaclor mac has received acclaim from concerned authorities in the state of Gujarat, Maharashtra, Tamilnadu, Goa and Pondicherry. The company has been entrusted with additional responsibility of handling cathodic protection business in Far-East and Australia by the De Nora Group. The company is also in the process of preparing documentation for ISO 9002 certification. The company's new marketing strategies for the new products has given positive results during the year 1999-2000 , but its full impact will be felt in the forthcoming years. The recessionary trend in the economy and particularly in the chlor alkali industry continued during the year 2000-01. However, currently the chlor alkali industry is showing signs of improvement and the company is expected to perform better in the next financial year. The company has technical collaboration with M/s Oronzio De Nora International B.V., The Netherlands for Ion Exchange Membrane Electrolysers for Chlor-Alkali industry, Water Eletrolysers and Electrochlorinators for Water treatment and with M/s Oronzio De Nora S.A., Switzerland for Cathodic Protection(Anti corrosion) Systems. The company has successfully adopted the technology of Seaclor-Mac, through a continuous interaction with foreign collaborator. The company now has five standard models namely Seaclor Mac-50, Seaclor Mac-100, Seaclor Mac-500, Seaclor Mac-1000 & Seaclor Mac-2000. The company has also adopted the technology for the manufacture of Lida Anodes in different configurations for Cathodic Protection System.