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Revathi Equipment Ltd.

BSE: 505368 Sector: Engineering
NSE: REVATHI ISIN Code: INE617A01013
BSE 00:00 | 24 May 345.00 -12.00
(-3.36%)
OPEN

359.00

HIGH

359.00

LOW

345.00

NSE 00:00 | 24 May 351.20 5.60
(1.62%)
OPEN

362.70

HIGH

362.70

LOW

346.10

OPEN 359.00
PREVIOUS CLOSE 357.00
VOLUME 46
52-Week high 643.75
52-Week low 345.00
P/E 63.54
Mkt Cap.(Rs cr) 106
Buy Price 335.10
Buy Qty 10.00
Sell Price 358.00
Sell Qty 29.00
OPEN 359.00
CLOSE 357.00
VOLUME 46
52-Week high 643.75
52-Week low 345.00
P/E 63.54
Mkt Cap.(Rs cr) 106
Buy Price 335.10
Buy Qty 10.00
Sell Price 358.00
Sell Qty 29.00

Revathi Equipment Ltd. (REVATHI) - Company History

Revathi Equipment Limited is an India-based company. The Company operates in two business segments: Construction and Mining and Power. Construction and Mining segment consists of manufacturing and sale of Blast hole drills water well drills trac drills batching plant concrete pump transit mixture and their spares; trading of spares and annual maintenance of the equipments. Power segment is engaged in generation and sale of power. Revathi Equipment Limited ISO: 9001:2000 Certified company and its products exported to countries like USA Jordan Tunisia Nigeria South Africa Australia.The company was incorporated as a private company on May 30 1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore Tamil Nadu. The company was converted into a public limited company on November 4 1977 and entered into a technical and financial tie-up with world renowned Chicago Pneumatic Tool Company (CP) USA for the manufacture of water well rigs blast hole rigs drilling accessories and allied products. Accordingly the name of the company was changed to Revathi-CP Equipment Ltd. CP was holding 40% of the paid-up share capital of Revathi and Revathi became a division under the Industrial Tools Division of CP USA. The balance 60% of the paid-up share capital was with the Indian public and various financial institutions. During the year 1985-1986 the company completed the development of C40 H Blasthole Drill T60 H Lighter Waterwell Drill and RT1500 Straight Rotary Drill. During the year 1986-1987 the company completed development of six-inch size high performance DTH Hammer. During the same year the company increased installed capacity of Hole rigs Accessories from 250 lakhs to 500 lakhs. During the year 1991-1992 the company completed and commissioned the Rs.17.5 million-expansion project. During the same year the company developed air operated Blsathole drills. During the year 1992-1993 the company developed Track Drill. During the year 1994-1995 the company developed the 6-inch DTH Water Well Drill pack age with depth capacity of 1500 ft for exports. During the year 1998-1999 the company developed of 8-inch class crawler mounted blasthole drill. During the year 1999-2000 the company developed of 6-inch class crawler mounted high-pressure DTH blasthole drill. During the year 2001-2002 Altas Copco India Ltd and Chicago Pneumatic Tool Company USA signed a definitive share purchase agreement the company to sell their 39.88 % stake to Utkal Investment Ltd at a price of Rs. 234 per share and in the same year the company name was changed from Revathi-CP Equipment Ltd to Revathi Equipment Ltd.During the year 2002-2003 the company developed of 203mm dia 500-meter depth capacity and Truck mounted water well drill. During the year 2003-2004 the company commissioned four Wind turbines at Jaisalmer Rajasthan at an investment of Rs. 116 million and in the same year the company developed of Diesel engine driven 250mm class crawler mounted Blast hole drill. During the year 2004-2005 the company increased installed capacity of wind power to 9.9 MW with additional investment of Rs. 351.6 million and in the same year the company developed of 311 mm Electronic blast hole drill Light hydraulic Trac drill and DTH water well drill. During the year 2005-2006 the company entered into an Agreement with Bucyrus International Inc an internationally reputed company in USA for development and marketing of specific Blast Hole drill manufactured per their specification Blast Hole drill manufactured. During the year 2006-2007 the company developed of heavy hydraulic track drill for exports and also developed of 20 CUM Concrete Pumps. During the same year the company divested preference shears held in Coromandel Electric Company Limited. During the year 2007-2008 the company set up a wholly owned subsidiary namely Revathi Drilling and Mining Limited and May 08 2008 the company acquired 70% stake in the equity capital of Semac Pvt.Ltd. In November 19 2008 Seamec Ltd a subsidiary company merged with Potential Service Consultants Pvt. Ltd a Joint Venture Company. In the same year the company acquired ten acres leasehold plot from SIPCOT at Gummidipoondi near Chennai. In February 14 2008 the company acquired 11% in the equity capital of Potential Service Consultants Pvt. Ltd. Bangalore a company providing Engineering design solutions in the field of construction industry for a consideration of Rs 92 38767. The Company already holds 48.3% in Potential Service Consultants Pvt. Ltd. In 2010 the company commissioned various new manufacturing facility. The company also acquired 20% in the equity capital of Satellier Holdings Inc USA during the year