You are here » Home » Companies » Company Overview » EL Forge Ltd

EL Forge Ltd.

BSE: 531144 Sector: Engineering
NSE: ELFORGE ISIN Code: INE158F01017
BSE 00:00 | 04 Mar EL Forge Ltd
NSE 05:30 | 01 Jan EL Forge Ltd
OPEN 5.58
PREVIOUS CLOSE 5.58
VOLUME 4209
52-Week high 5.58
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 5.58
Buy Qty 36.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.58
CLOSE 5.58
VOLUME 4209
52-Week high 5.58
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 5.58
Buy Qty 36.00
Sell Price 0.00
Sell Qty 0.00

EL Forge Ltd. (ELFORGE) - Company History

EL Forge, incorporated in 1963. is engaged in the business of manufacturing Rough Steel Forgings i.e. fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry. The company exports its products to the US, Germany, Srilanka and Malaysia. It has became the largest manufacturer of forgins in South India after the merger of Chendur Forge Export, a company in the same line of business with the company(with effective from April 1, 1995). To fund this acquisation of Chendur Forgings and financing the cost of machinery & to augment long-term working capital, the company came out with a rights issue at a premium of Rs.30 aggregating Rs.3.51 Cr in 1995. Ashok Leyland and MICO are the major clients of EL Forge. These two companies are roughly giving around 40% of the companies total turnover. Other customers include Hindustan Motors, Lucas TVS, Rane, Sundaram Clayton, VST Tillers, Sahney Paris and Audio India. In 1995-96, the installed capacity of forgings was expanded from 10,200 tpa to 18,200 tpa. And during 1998-99, the Company has put up an additional state of the art machinery and software in the tool room at a cost of Rs.167.75 lakhs. On Qulity front, El Forge's all factories/plants are ISO 9000 accredited. Apart from this one of the plant is QS 9000 approved. Two more factories have been certified for QS 9000 and it is anticipated that all the five factories will be QS 9000 approved by March 2002.