You are here » Home » Companies » Company Overview » Orient Electric Ltd

Orient Electric Ltd.

BSE: 541301 Sector: Consumer
NSE: ORIENTELEC ISIN Code: INE142Z01019
BSE 00:00 | 21 Jan 351.20 -12.30
(-3.38%)
OPEN

359.15

HIGH

359.15

LOW

348.00

NSE 00:00 | 21 Jan 350.30 -13.75
(-3.78%)
OPEN

351.35

HIGH

358.80

LOW

347.70

OPEN 359.15
PREVIOUS CLOSE 363.50
VOLUME 17689
52-Week high 408.20
52-Week low 234.10
P/E 53.05
Mkt Cap.(Rs cr) 7,452
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 359.15
CLOSE 363.50
VOLUME 17689
52-Week high 408.20
52-Week low 234.10
P/E 53.05
Mkt Cap.(Rs cr) 7,452
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Orient Electric Ltd. (ORIENTELEC) - Company History

Orient Electric Ltd was incorporated on 10th October 2016 and was a subsidiary of Orient Paper & Industries Ltd. (OPIL). A scheme of arrangement had been filed with the National Company Law Tribunal to demerge the consumer electric business of the holding Company (OPIL) by transferring the same on a going concern basis to the Company w.e.f 1st March 2017 which has subsequently been approved by the National Company Law Tribunal.Pursuant to Scheme of Arrangement shares held by the demerged Company stands cancelled and post demerger the Company is no more a subsidiary of OPIL.The Company is primarily engaged in manufacture/purchase and sale of Electrical Consumer Durables and Lighting & switchgear products. The Company presently has manufacturing facilities at Faridabad Noida Kolkata and Guwahati. The Company has allotted 212185502 equity shares of Re 1 each to the shareholders of the Demerged Company Orient Paper & Industries Limited in the ratio of 1:1 subsequent to passing of the aforesaid order by NCLT. The COVID-19 pandemic rapidly gathered momentum during March 2020 to trigger a `Janata Curfew' on 22nd March 2020 followed by factory closures from 23rd March 2020 and a country-wide lockdown w.e.f. 24th March 2020.

.