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Honda Siel Power Products Ltd.

BSE: 522064 Sector: Engineering
NSE: HONDAPOWER ISIN Code: INE634A01018
BSE 00:00 | 16 Aug 879.00 -15.30
(-1.71%)
OPEN

883.00

HIGH

883.00

LOW

872.00

NSE 00:00 | 16 Aug 879.65 -15.80
(-1.76%)
OPEN

895.00

HIGH

895.00

LOW

870.95

OPEN 883.00
PREVIOUS CLOSE 894.30
VOLUME 503
52-Week high 1409.95
52-Week low 819.00
P/E 15.18
Mkt Cap.(Rs cr) 891
Buy Price 877.60
Buy Qty 1.00
Sell Price 894.00
Sell Qty 3.00
OPEN 883.00
CLOSE 894.30
VOLUME 503
52-Week high 1409.95
52-Week low 819.00
P/E 15.18
Mkt Cap.(Rs cr) 891
Buy Price 877.60
Buy Qty 1.00
Sell Price 894.00
Sell Qty 3.00

Honda Siel Power Products Ltd. (HONDAPOWER) - Company History

Honda Siel Power Products was incorporated in Sep.'85 as a joint venture, earlier it is called Shriram Honda Power, was promoted by Honda Motor Co, Japan, and Shriram Industrial Enterprises. Honda Motor, Japan, holds a 66.67% stake in the company. In 1998-99, it changed its name to Honda Siel Power Products. Its works is situated in Rudrapur (Uttaranchal), Pondicherry and at Greater Noida. The company manufactures and markets portable generating (PG) sets (inst. cap.: 1,75,000 pa), general purpose engines and water pumps at its plant in the Udham Singh Nagar district of Uttar Pradesh. It also has set up a plant at Pondicherry, commercial production at which commenced in Sep.'95. In 1991-92, the company took up a major indigenisation programme to set up in-house machining facilities for crankshafts rotorshafts. In Jul.'93, it received the ISO 9001 certification from RWTUV, Germany, for quality assurance systems in the design, manufacture, installation and after-sales service of its products. It achieved the Export House status in Sep.'94. The company sells its products to customers and institutions through regional offices and dealers. At present, it exports to over 25 countries in Africa, Europe, South America and Asia. In June, 2000, the company commenced the in-house manufacture of flywheel required for Gensets, GP Engines and water pumping sets. The Company has set up a Pressure Die-Casting plant in Greater Noida, U.P, at a capital outlay of 7.80 crores. The Commercial production commenced in December 2000. The Company has drawn plans to take up ERP (IT Project) for all its functions across the company in a phased manner.