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Gabriel India Ltd.

BSE: 505714 Sector: Auto
NSE: GABRIEL ISIN Code: INE524A01029
BSE 00:00 | 17 Aug 142.20 0.30
(0.21%)
OPEN

143.10

HIGH

145.00

LOW

140.70

NSE 00:00 | 17 Aug 142.20 0.40
(0.28%)
OPEN

142.00

HIGH

145.30

LOW

140.30

OPEN 143.10
PREVIOUS CLOSE 141.90
VOLUME 14067
52-Week high 222.70
52-Week low 128.70
P/E 20.31
Mkt Cap.(Rs cr) 2,042
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 143.10
CLOSE 141.90
VOLUME 14067
52-Week high 222.70
52-Week low 128.70
P/E 20.31
Mkt Cap.(Rs cr) 2,042
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gabriel India Ltd. (GABRIEL) - Company History

Established in 1961 with the setting up of a Shock Absorber plant at Mulund, Gabriel India is the flagship company of the Anand group. It was promoted in technical and financial collaboration with Gabriel Company, US (20.81% stake). The company is a leading manufacturer of Ride control products i.e Shock Absorbers, McPherson Struts & Front Forks. The Ride control products are produced in its plants located at Mulund, Nasik and Pune in Maharashtra; Dewas, Madhya Pradesh; Hosur, Tamilnadu and Gurgaon, Haryana. Another division of the company the Engine Bearing divison, which was set up in 1978 at Parwanoo, Himachal Pradesh in collobaration with Federal-Mogul Corp, USA is an fully integrated facility to produce complete range of Bimetal Bearings, Bushes, and Thrust Washers. The company recieves technological support from its collaborators -- Gabriel Ride Control Products, USA; SOQI/ Yamaha Motor, Japan; Kayaba, Japan; APA-Kayaba, Spain and Arvin Suspension System Italia of Italy for it's Ride Control Products and from Federal Mogul Corporation, USA for its Engine Bearings products. The company came out with two issue of partly convertible debentures one in May 1991 and the next in 1996 to part-finance its expansion, modernisation and diversification. All the plants of the company, except the one at Mulund, have received ISO certification. Gabriel exports shock absorbers to several developed markets in the US, Europe, Australia and the Asia-Pacific region. During 2002-03 the company has commenced manufacturing and supply of products to OEMs in the state of Uttar Pradesh from the new facility at Noida,acquired as a result of merger of Stallion Shox Limited with the company. The amalgamation with the Stallion Shox Limited was completed and the ratio of shares were exchanged were 1:100.