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India Nippon Electricals Ltd.

BSE: 532240 Sector: Auto
NSE: INDNIPPON ISIN Code: INE092B01025
BSE 00:00 | 29 Nov 358.05 -14.85
(-3.98%)
OPEN

372.10

HIGH

372.10

LOW

357.55

NSE 00:00 | 29 Nov 358.15 -14.85
(-3.98%)
OPEN

373.00

HIGH

379.65

LOW

357.00

OPEN 372.10
PREVIOUS CLOSE 372.90
VOLUME 5457
52-Week high 458.15
52-Week low 319.40
P/E 15.19
Mkt Cap.(Rs cr) 810
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 372.10
CLOSE 372.90
VOLUME 5457
52-Week high 458.15
52-Week low 319.40
P/E 15.19
Mkt Cap.(Rs cr) 810
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

India Nippon Electricals Ltd. (INDNIPPON) - Company History

India Nippon Electricals Ltd(INEL) established in 1985 as a Joint Venture between Lucas Indian Services(a Wholly Owned Subsidiary of Lucas TVS) and Kokusan Denki Co. Ltd Japan (a group company of Hitachi Japan) is into manufactures vital electronic ignition systems for two-wheelers Portable Gensets and three wheelers. The vital electronic ignition parts manufactured by INEL includes Flywheel Magnetos Capacitor Discharge Ignition(CDI) units Ignition Coils Integral Units and Regulators/Rectifiers. The company has three manufacturing facilities one each in Tamilnadu(Hosur) Pondicherry and Haryana(Rewari Dist). The company set up a plant at Pondicherry for producing ignition systems for diesel version of three-wheelers. The Pondicherry plant has commenced commercial production in 1998. The company which started with an one cliente has now supplies to all two-wheeler three-wheeler and Portable Genset manufactureres in India.The company signed an agreement with collaborator Kokusan Denki Company Japan for introducing Digital Ignition on a new vehicle contemplated shortly for introduction by one of the major customer. The company's thrust to R&D efforts to design and develop products indeginously start yielding fruits and the contribution of the indigenously designed and developed products to the topline of the company amount to 40%.It made an offer to buy-back 395600 fully paid up equity shares at a price not exceeding Rs.230/- per equity share. The company has set up new facilities for the manufacture of flywheel magnetos at Rewari Haryana to serve customers in North India. The company made a bonus issue of 3326680 shares at Rs.10 each in the ratio of 7 bonus shares for 10 shares held in the company. The company enhanced the capacity of Contact Breakers to 5260000 No in 2002-03.

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