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Indo National Ltd.

BSE: 504058 Sector: Consumer
NSE: NIPPOBATRY ISIN Code: INE567A01028
BSE 00:00 | 05 Aug 353.15 -3.50
(-0.98%)
OPEN

354.55

HIGH

358.45

LOW

347.80

NSE 00:00 | 05 Aug 355.60
(%)
OPEN

354.25

HIGH

357.90

LOW

351.25

OPEN 354.55
PREVIOUS CLOSE 356.65
VOLUME 576
52-Week high 558.40
52-Week low 290.15
P/E 34.02
Mkt Cap.(Rs cr) 265
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 354.55
CLOSE 356.65
VOLUME 576
52-Week high 558.40
52-Week low 290.15
P/E 34.02
Mkt Cap.(Rs cr) 265
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indo National Ltd. (NIPPOBATRY) - Company History

Promoted by S R Jiwarajka and Matsushita Electrical Company Japan in 1972 Indo National (INL) was incorporated as a public limited company. It manufactures Nippo brand dry cell batteries. Matsushita holds 40% of INL's equity. The Indian partner is Obul Reddy. The company has already diversified into the sale of flashlights under the Nippo brand. INL's R&D department has developed batteries for India's defence forces. It has obtained governments permission to manufacture 20000 sets of tape-recorder-cum-transistors.INL recently added two types of high-performance batteries to its existing brands--UM-3 Premium Gold and UM-1 Mega Super. The UM-3 is meant for walkmans and cameras. The UM-3 has 50% more power compared to the company's Nippo brand and has a longer shelf life of 24 months. The UM-1 mega cells find application in toys and cassette recorders. The company has obtained ISO 9001 certification from TUV CERT certification body of Rheinisch-Westfalischer TUV e.v. for design development production and sales of Dry Cell Batteries. It is also planning to import alkaline and lithium batteries under the Panasonic brand for marketing in the country. During 2001-02 the Paper Seperator project was completed successfully at a cost of Rs.3.36 crores which was met out of internal accruals. This is an important component in the manufacture of UM-3 batteries.

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