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Hindustan Composites Ltd.

BSE: 509635 Sector: Auto
NSE: HINDCOMPOS ISIN Code: INE310C01029
BSE 00:00 | 24 Apr Hindustan Composites Ltd
NSE 05:30 | 01 Jan Hindustan Composites Ltd
OPEN 135.05
PREVIOUS CLOSE 145.50
VOLUME 545
52-Week high 255.00
52-Week low 95.20
P/E 12.01
Mkt Cap.(Rs cr) 198
Buy Price 132.20
Buy Qty 55.00
Sell Price 154.45
Sell Qty 20.00
OPEN 135.05
CLOSE 145.50
VOLUME 545
52-Week high 255.00
52-Week low 95.20
P/E 12.01
Mkt Cap.(Rs cr) 198
Buy Price 132.20
Buy Qty 55.00
Sell Price 154.45
Sell Qty 20.00

Hindustan Composites Ltd. (HINDCOMPOS) - Company History

Hindustan Composites Ltd., previously known as Hindustan Ferrodo, is an associate of AM & FM, UK, which acquired the undertaking of Asbestos, Magnesia & Friction Materials, to manufacture friction materials and asbestos industrial products. A pioneer in these fields, its wide range of products are suitable for a number of general and specialised applications servicing the diverse needs of automotive and other core sector industries such as the railways, engineering, mining, aerospace, oil exploration, power generation, petrochemicals, atomic energy, etc. The Company is having its works in Mumbai, Paithan, Bhandara and Jalna. The company's specialisation in friction materials covers automobile brake linings, clutch facings and disc brake pads, railway brake blocks and woven and moulded industrial friction materials. The industrial products consist of asbestos textile, jointing, limpet and composite insulation millboard. The company caters to both OEMs and the replacement market and is a major supplier to the state transport companies, which are large buyers of replacement products. In 1993-94, the company sold a major part of the plant and machinery of the clutch unit at Jalna. It has also sold the loss-making clutch unit at Wardha to Amalgamation Repco. In 1995-96, the company has received ISO-9002 quality system certification. In 1998-99, it increased the installed capacity of clutch facings to 67,60,000 nos. During 1999-2000, ISO : 9002 Certification awarded to Paithan unit has been successfully renewed by the DNV of the Netherlands for manufacture and marketing of Friction Materials. During 1999-2000, the company has entered into a contract with Mahanagar Gas for supply of Natural Gas as fuel to the boilers as a substitute for costly furnace oil. The company was awarded the Certificate as Export House,by DGFT-Ministry of Commerce & Industry,Government of India. The Company has decided to set up a new facility for Sealing and Textile Products at Jalna, where a factory building and infrastructure were already available. The plant is expected to be operational soon.