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Hindustan Composites Ltd.

BSE: 509635 Sector: Auto
NSE: HINDCOMPOS ISIN Code: INE310C01029
BSE 00:00 | 17 May 288.10 -5.25
(-1.79%)
OPEN

300.95

HIGH

300.95

LOW

285.00

NSE 00:00 | 17 May 287.45 -6.45
(-2.19%)
OPEN

301.10

HIGH

303.15

LOW

284.20

OPEN 300.95
PREVIOUS CLOSE 293.35
VOLUME 2431
52-Week high 387.45
52-Week low 115.25
P/E 23.31
Mkt Cap.(Rs cr) 425
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 300.95
CLOSE 293.35
VOLUME 2431
52-Week high 387.45
52-Week low 115.25
P/E 23.31
Mkt Cap.(Rs cr) 425
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hindustan Composites Ltd. (HINDCOMPOS) - Company History

Hindustan Composites Ltd. previously known as Hindustan Ferrodo is an associate of AM & FM UK which acquired the undertaking of Asbestos Magnesia & Friction Materials to manufacture friction materials and asbestos industrial products. A pioneer in these fields its wide range of products are suitable for a number of general and specialised applications servicing the diverse needs of automotive and other core sector industries such as the railways engineering mining aerospace oil exploration power generation petrochemicals atomic energy etc. The Company is having its works in Mumbai Paithan Bhandara and Jalna.The company's specialisation in friction materials covers automobile brake linings clutch facings and disc brake pads railway brake blocks and woven and moulded industrial friction materials. The industrial products consist of asbestos textile jointing limpet and composite insulation millboard.The company caters to both OEMs and the replacement market and is a major supplier to the state transport companies which are large buyers of replacement products. In 1993-94 the company sold a major part of the plant and machinery of the clutch unit at Jalna. It has also sold the loss-making clutch unit at Wardha to Amalgamation Repco. In 1995-96 the company has received ISO-9002 quality system certification. In 1998-99 it increased the installed capacity of clutch facings to 6760000 nos. During 1999-2000 ISO : 9002 Certification awarded to Paithan unit has been successfully renewed by the DNV of the Netherlands for manufacture and marketing of Friction Materials. During 1999-2000 the company has entered into a contract with Mahanagar Gas for supply of Natural Gas as fuel to the boilers as a substitute for costly furnace oil.The company was awarded the Certificate as Export Houseby DGFT-Ministry of Commerce & IndustryGovernment of India.The Company has decided to set up a new facility for Sealing and Textile Products at Jalna where a factory building and infrastructure were already available. The plant is expected to be operational soon.

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