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Menon Bearings Ltd.

BSE: 523828 Sector: Engineering
NSE: MENONBE ISIN Code: INE071D01033
BSE 00:00 | 09 Apr 59.35 -0.15
(-0.25%)
OPEN

61.00

 HIGH

62.00

 LOW

58.95
NSE 00:00 | 09 Apr 59.20 -0.70
(-1.17%)
OPEN

60.00

 HIGH

61.50

 LOW

58.80
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OPEN 61.00
PREVIOUS CLOSE 59.50
VOLUME 4581
52-Week high 64.15
52-Week low 27.00
P/E 21.27
Mkt Cap.(Rs cr) 332
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 61.00
CLOSE 59.50
VOLUME 4581
52-Week high 64.15
52-Week low 27.00
P/E 21.27
Mkt Cap.(Rs cr) 332
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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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