Precision Electronics Ltd Share Price

History of Precision Electronics Ltd

Incorporated in May 1979 in Haryana, Precision Electronics Limited (PEL) was the first venture promoted by technocrat A Kanodia, an Electrical Engineering and Business Management Graduate from the MIT, US. In 1994, the Company got into with Societe Anonyme de Telecommunication, France, to manufacture digital multiplexers. The Company was registered with the Board for Industrial & Financial Reconstruction as a Sick Company for need based relief and concessions for financial reconstruction. IFCI was appointed as Operating Agency. Problems during the year 1997-98 related mostly to the Telecom Division of the Company. The overall progress of the business was affected by the uncertain conditions prevailing in DOT due to the scam. This slow down resulted in lack of order from DOT inspite o ...f the Company being competitively placed in some of the tenders. Therefore capacity utilisation was extremely poor and coupled with high operating and financial costs resulted in the Company suffering further losses. The liquidity crunch in the Company prevailed due to the above factors and also substantial amount due to Company still remaining recoverable from Mahanagar Telephone Nigam Limited - A Government of India Enterprises, against supplies made during the year 1996. The Roorkee Unit became operational and infrastructure was developed to handle sophisticated MILCOM products in 2007-08. The Roorkee facility handled a business of DVDR and Ethernet Converters to BSNL and Defence Customers during 2008-09. Civil Infrastructure at Roorkee facility was completed at the ground floor and super structure for the first floor erected in 2010. The Company is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment. It is into manufacture of PCB's and has diversified into the field of PCM-MUX. It operate plant at Faridabad, Harayana, to manufacture single- and double-sided PCBs. It manufactures PCM-MUX in technical collaboration with ITI and C-DoT. The Plant has an installed capacity to produce 500 terminals. As a one-stop shop for Telescopic Masts, Tripods, Pedestals, Power Electronics and Active Interconnectivity, PEL provides innovative turnkey solutions for Border Forces, Police Forces, Critical Infrastructures, Military, 4G/5G Cellular, Disaster Management and Construction industry. PEL is recognized as a Center of Excellence in India for Tactical Infrastructure and frequently sought after by end-users to provide feasibility and develop solutions for emerging use cases. PCM-MUX are used in the telecommunications sector for interfacing from the digital to the analogue exchange. In India, the ratio of analogue to digital exchanges is 65:35 which signifies the potential for PCM terminals. As all communication links to be set up in future will be digital, future demand will be very high. The Company manufactures a variety of PCBs with an overall annual capacity of 38,300 sq mtr (single-sided PCBs : 10,000 sq mtr; double-sided plated through holes 24,000 sq mtr; and multilayer flexible and flex-rigids : 4300 sq mtr). PEL has a technical and financial collaboration with Wagner, Germany.