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HBL Power Systems Ltd.

BSE: 517271 Sector: Consumer
NSE: HBLPOWER ISIN Code: INE292B01021
BSE 00:00 | 22 Apr 31.55 0.55
(1.77%)
OPEN

30.95

HIGH

32.00

LOW

29.80

NSE 00:00 | 22 Apr 31.25 0.30
(0.97%)
OPEN

30.95

HIGH

31.80

LOW

29.85

OPEN 30.95
PREVIOUS CLOSE 31.00
VOLUME 59143
52-Week high 43.90
52-Week low 11.30
P/E 65.73
Mkt Cap.(Rs cr) 875
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 30.95
CLOSE 31.00
VOLUME 59143
52-Week high 43.90
52-Week low 11.30
P/E 65.73
Mkt Cap.(Rs cr) 875
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

HBL Power Systems Ltd. (HBLPOWER) - Company History

HBL NIFE Power Systems Limited (Formerly known as Sab Nife Power Systems) is a leading battery and power systems company based in Hyderabad India. The company came in to existence as a result of the merger in 1999 of Hyderabad Batteries Ltd (HBL) incorporated in 1977 and SAB Nife Power Systems Ltd incorporated in 1986. The two companies which were under the same management were merged when foreign % of equity investment in SAB NIFE became too small to justify separate legal entities. Now the company has become the leading supplier of specialised batteries and power electronics in India with a strong presence in several other countries. Sab Nife Power Systems was incorporated in1988 by A J Prasad in a Joint Venture with Nife Sweden.The company commenced commercial production in August 1988. At Present the company has 3 subsidiaries namely Bhagirath Energy Systems Pvt Ltd HBL Nife (UK) Ltd HBL Nife (M) SDN BHD Malaysia. The companies subsidiary Bhagirath Energy Systems Pvt Ltd in Nepal has applied for voluntary winding up.In 1992 the company diversified into manufacturing uninterrupted power systems which was financed by a public issue in Feb.'92. In 1993-94 it also started Manufacturing storage batteries to include sealed lead acid (SLA) batteries.In 1998-99HBL Ltd and Pinaki Technologies was merged with the company as per the direction of the Hon'ble Highcourt of Andhra Pradesh and established a manufacturing facility for switch mode rectifiers at Kothu Mahaboobnagar Dist. and the division started commercial production. During 1999-2000the name of the company was changed to HBL Nife Power Systems Limited.The Company set up 100% EOU for exporting Nickel Cadmium batteries andanother for Lead Acid Products. During 2001-02 the company allotted shares to HBL Engineering Pte LtdSingapore subsequently it had become a wholly owned subsidiary of HBL NifePower Systems Ltd. The company's buy back programme was refused bySEBI and hence the proposal has been dropped.As approved by the company in the last General Meeting the Hon'ble High Court of Andhra Pradesh vide its Order dated 27th February 2004 approved the scheme of amalgamation for the merger of the Company's subsidiary M/s Compact Power Services Pvt Ltd. with the company.

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