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Menon Bearings Ltd.

BSE: 523828 Sector: Engineering
NSE: MENONBE ISIN Code: INE071D01033
BSE 00:00 | 07 Apr 30.05 1.65
(5.81%)
OPEN

32.95

HIGH

32.95

LOW

29.25

NSE 00:00 | 07 Apr 29.45 0.25
(0.86%)
OPEN

34.50

HIGH

34.50

LOW

29.10

OPEN 32.95
PREVIOUS CLOSE 28.40
VOLUME 950
52-Week high 87.60
52-Week low 27.00
P/E 10.58
Mkt Cap.(Rs cr) 168
Buy Price 29.25
Buy Qty 1210.00
Sell Price 32.85
Sell Qty 300.00
OPEN 32.95
CLOSE 28.40
VOLUME 950
52-Week high 87.60
52-Week low 27.00
P/E 10.58
Mkt Cap.(Rs cr) 168
Buy Price 29.25
Buy Qty 1210.00
Sell Price 32.85
Sell Qty 300.00

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.