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Hercules Hoists Ltd.

BSE: 505720 Sector: Engineering
NSE: HERCULES ISIN Code: INE688E01024
BSE 00:00 | 22 Jun 122.25 -0.45
(-0.37%)
OPEN

121.60

HIGH

123.25

LOW

120.75

NSE 00:00 | 22 Jun 122.10 -0.45
(-0.37%)
OPEN

122.25

HIGH

124.20

LOW

121.00

OPEN 121.60
PREVIOUS CLOSE 122.70
VOLUME 1498
52-Week high 164.45
52-Week low 102.10
P/E 39.95
Mkt Cap.(Rs cr) 391
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 121.60
CLOSE 122.70
VOLUME 1498
52-Week high 164.45
52-Week low 102.10
P/E 39.95
Mkt Cap.(Rs cr) 391
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hercules Hoists Ltd. (HERCULES) - Company History

Hercules Hoists Ltd, a bajaj group of company is producing Chain pulley block, Electric Hoists, Trolleys and Cranes with a combined installed capacity to produce 23400 nos per annum. In 2000-2001, the company completed the development of new range of Chain Electric Hoists and Ratchet Lever Hoists. Both the products are expected to do well in the export and domestic market. The company is also developing new range of Wire Rope Electric Hoists jointly with M/s Bull S.r.l., Italy. With effect from February 1, 2001, the company's agreement with M/s Batliboi Ltd for the 50:50 Joint Venture marketing company 'Indef Marketing Services Ltd' was terminated and Hercules Hoists bought over their 100000 shares at the face value of Rs.10.00 and paid a compensation of Rs.1 crore towards exiting from the JV and non-competition by them for a period of five years. Thus the 'Indef Marketing Services' become a wholly owned subsidiary of the company with effect from 23rd March 2001.