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Z F Steering Gear (India) Ltd.

BSE: 505163 Sector: Auto
NSE: ZFSTEERING ISIN Code: INE116C01012
BSE 00:00 | 07 Dec 444.90 4.45
(1.01%)
OPEN

440.00

HIGH

449.00

LOW

440.00

NSE 05:30 | 01 Jan Z F Steering Gear (India) Ltd
OPEN 440.00
PREVIOUS CLOSE 440.45
VOLUME 436
52-Week high 575.00
52-Week low 310.00
P/E 19.03
Mkt Cap.(Rs cr) 404
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 440.00
CLOSE 440.45
VOLUME 436
52-Week high 575.00
52-Week low 310.00
P/E 19.03
Mkt Cap.(Rs cr) 404
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Z F Steering Gear (India) Ltd. (ZFSTEERING) - Company History

Promoted by H K Firodia J H Munot and Zahnradfabrik-Freindrichshafen Germany Z F Steering Gear (India) (ZFSGIL) belongs to the Kinetic group and manufactures assembles and deals in mechanical steering gears (cap. : 150000 pa) hydraulic power steering gears (cap. : 36000 pa) and other types of steerings gear boxes and designs including bevel gears spur gears crown wheels etc. The company has its plant at Village Vadu Budruk Maharashtra. The German collaborator has a 26% stake in the company.The company's steering gears find application in buses and are supplied to various state transport undertakings and also to heavy vehicles like dumper and haulage trucks. Buses fitted with power steering gears reduce the drivers' effort and fatigue to steer the vehicle and adds to their safety. The original collaborators of the company ZF Friedrichshfan AG Germany (ZFG) formed a joint venture with Robert Bosch GmbH(Bosch) and have established a separate company - ZF LENKSYSTEME GmbH (ZFLS) - which is jointly managed by ZF and Bosch and in which both these partners hold 50% stake each. The steering gear business of the partner has been transferred to this new joint venture company. Consequently the investment in the shares of ZFGIL held by ZFG has now been transferred to ZF Beteiligungsholding GmbH (ZFBG) which will be fully controlled by ZFLS the joint venture company. The shares were transferred to ZFBG after necessary government approvals. Similarly all rights and obligations of ZFG under the technical collaboration agreement with ZF India have been transferred to ZFLS.During 1998-99 Company was awarded renewal of ISO 9001 Certificate for further period of 3 years.

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