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Menon Bearings Ltd.

BSE: 523828 Sector: Engineering
NSE: MENONBE ISIN Code: INE071D01033
BSE 09:40 | 20 Sep 76.00 1.10
(1.47%)
OPEN

74.45

 HIGH

76.00

 LOW

74.45
NSE 09:29 | 20 Sep 74.50 -0.50
(-0.67%)
OPEN

76.50

 HIGH

76.50

 LOW

73.85
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OPEN 74.45
PREVIOUS CLOSE 74.90
VOLUME 303
52-Week high 88.30
52-Week low 37.50
P/E 18.31
Mkt Cap.(Rs cr) 426
Buy Price 74.95
Buy Qty 100.00
Sell Price 75.65
Sell Qty 200.00
OPEN 74.45
CLOSE 74.90
VOLUME 303
52-Week high 88.30
52-Week low 37.50
P/E 18.31
Mkt Cap.(Rs cr) 426
Buy Price 74.95
Buy Qty 100.00
Sell Price 75.65
Sell Qty 200.00

Menon Bearings Ltd. (MENONBE) - Company History

Incorporated as a public limited company on 4 Jul.'91 Menon Bearings (MBL) commenced business on 23 Sep.'91. Promoted by Menon Pistons MBL manufactures thin-walled engine bearings bushings and thrust washers. It came out with a public issue in Jan.'93 to part-finance its Rs 8.17-cr project to manufacture the above items and to meet long-term working capital requirements. The plant is located at MIDC Kolhapur. MBL has a technical agreement with King Israel which provides technical know-how for design manufacture and commissioning. MPL supplies to OEMs like Telco Maruti Udyog Mahindra & Mahindra Kirloskar Cummins Greaves Eicher etc. It currently exports to UK Egypt Spain Israel and USA. MBL has undertaken an expansion programme to manufacture babbit strips. During 1996 the company was awarded ISO 9002 certificate. The manufacturing capacity of Bushes was increased from 2700000 to 3600000 nos per annum and Thrust Washers from 565000 to 1400000 nos per annum. A new rolling process for manufacture of flanged bearings was designed and introduced successfully by the company during 2000-2001.

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