Kirloskar Electric Company Ltd Shareholding Pattern
Promoter Holdings
49.595 %
FIIs
3.868 %
DIIs
1.184 %
MutualFund
0.000 %
Retail
39.354 %
Others -
6.000 %
About Kirloskar Electric Company Ltd
History of Kirloskar Electric Company Ltd
Kirloskar Electric Company Limited (KECL), promoted by Kirloskar Brothers, Pune, with the technical and financial participation of Brush Electrical Engineering Co., UK, a member of the Hawker Siddeley Group is a leading player in Electrical Equipment Industry in India. The Company is engaged in the manufacture and sale of electric motors, alternators, generators, transformers, switchgear, DG Machine sets etc.
Incorporated on July 26, 1946, KECL was the catalyst for industrialization in India. The Company acquired Voltas Transformers, Pune thus establishing its presence in the cast resin transformers market. Later it has tied up with Wind Energy Group, UK for manufacture of Wind Turbine Generators. The company completed strategic acquisition(at a cost of Rs,8 Crores) of Kirloskar Systems in Dec 15, '97 with a aim of synergy of activity of transformer business with switchgear business. The company has undertaken a business restructuring activity and thereby it has transferred its Rotating Machines Group business to it subsidiary Kaytee Switchgear Pvt. Ltd.
Its main activity is the manufacture and sale of a diverse range of electrical and electronic equipment - AC induction motors, transformers, AC generators, DC machines, control equipment and systems, power electronic products, instrumentation, automation and controls and industrial electronic equipment. The projects and systems division of the company has specialised in executing system packages for large industries lik ...e steel, fertilisers, cement, sugar and other core sectors. KECL has developed its first 40-MVA transformer. It participated in the development of a specialised mobile power set for the Prithvi missiles project, supplied and commissioned 10 cu mtr of excavator electrics, the biggest in the country and a total electric system package to the Maniyar Mini Hydel plant.
The takeover of Voltas Transformers, Pune, has enabled KECL to establish a significant presence in the cast resin transformers market. KECL has recently diversified into non-conventional energy by tying up with the Wind Energy Group, UK, for manufacture of wind turbine generators.
In 1999-2000, KEC North American, Inc., USA, became a subsidiary of your company for marketing and distribution organization in North America through the distribution channel of EASA (members of the Electrical Apparatus Service Association) shops.
The proposal to form Joint Venture with a Singapore based company did not fructify as the company has started renegotiating the terms and the company has decided not to go ahead with the proposed Joint Venture.
During 2007-08, the Company introduced ' BLISS', Diesel Generating Sets with a capacity rating of 12.5kVA to 25kVA. Transformer manufacturing facilities were enhanced by adding new manufacturing unit at Kondhapuri, Maharashtra. It introduced a new manufacturing plant in Gurgaon, Haryana in addition to existing facilities at Hubli, Karnataka and Kolkata, West Bangal.
The Company acquired 95% of Lloyd Dynamowerke (LDW), a specialist German Motor and Generator company in August, 2008.
During year 2008-09, the Scheme of Arrangement and Amalgamation between Kirloskar Power Equipments Limited (KPEL) and Kaytee Switchgear Limited (KSL) was implemented which involved transfer of operating business of Kirloskar Power Equipment Limited and amalgamation of Kaytee Switchgear Limited with the Company and the said Scheme became effective on 27th June 2008.
FAQs on Kirloskar Electric Company Ltd
1. Can I buy Kirloskar Electric Company Ltd from PL Capital? ›
Yes, you can invest in Kirloskar Electric Company Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Kirloskar Electric Company Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Kirloskar Electric Company Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Kirloskar Electric Company Ltd pay dividends? ›
Kirloskar Electric Company Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Kirloskar Electric Company Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Kirloskar Electric Company Ltd. is ₹ 86.28 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Kirloskar Electric Company Ltd ? ›
The 52-week high and low of Kirloskar Electric Company Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
