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नेलकास्ट > कंपनी इतिहास > Castings & Forgings > कंपनी इतिहास का नेलकास्ट - बीएसई: 532864, NSE: NELCAST

नेलकास्ट

बीएसई: 532864  |  NSE: NELCAST  |  ISIN: INE189I01024  |  Castings & Forgings

कंपनी इतिहास - नेलकास्ट
Overview
 
 Our Company was incorporated on 7 June, 1982 as Nelcast Private 
 Limited at Nellore, AP under the Companies Act, 1956 vide
 Registration 
 No. 01-3518. Subsequently, it was converted into a public limited 
 company and the name was changed to Nelcast Limited on 20 
 September, 1995. The Registered Office of the Company which was 
 originally located at 24/398, Dargamitta, Nellore, was shifted to the
 
 present location at 34, Industrial Estate, Gudur 524 101 on 12 July,
 1994. 
 We also have a corporate office in Tamil Nadu located at 159, TTK
 Road, 
 Alwarpet, Chennai.
 
 Promoted by Mr.P.Radhakrishna Reddy, Nelcast is engaged in the 
 manufacture of castings that find application in the Automobile
 sector such 
 as engine, transmission, suspension, axle, brake, steering, housings
 etc., 
 farm equipment industry, railways and pipe fitting industries.
 
 The first unit set up in Gudur, AP, with an installed capacity of
 1200 MT pa 
 for manufacturing ductile iron parts, commenced commercial production
 in 
 the year 1985, to serve as an ancillary unit to meet the requirements
 of 
 Ashok Leyland Ltd. Subsequently, it started to cater to the
 requirements 
 of farm equipment manufacturers and other heavy commercial vehicle
 manufacturers like Tata Motors, Mahindra & Mahindra, Tata Cummins, 
 Tafe, to name a few. In less than a decade, the unit was awarded ISO
 
 9002-1994 / EN ISO 9002-1994 Quality certification by the Indian
 Register 
 Quality Systems, which was valid from 23 August, 1995 to 11
 September, 
 2001
 
 In the year 1996, a new manufacturing unit was established in
 Ponneri, 
 Tamil Nadu with an installed capacity of 12,000 MT pa, for the
 manufacture 
 of Grey Iron and Ductile Iron parts, wherein the state-of-the-art
 machine shop, 
 consisting of CNC and special purpose machines, and the Kunkel Wagner
 
 Moulding line were installed. Both the units have a distinct
 locational advantage 
 of having proximity to the Chennai Port and also being well connected
 by both 
 the railways and roadways.
 
 In the year 2001, the units were awarded the QS 9000:1998 Quality
 certification 
 by Underwriters Laboratories Inc., Melville, New York, USA for motor
 vehicle 
 parts and accessories, which was valid from 10 January, 2001 till 10
 January, 
 2006 and then again ISO/TS 16949:2002 Quality certification for grey
 and ductile 
 iron foundries, in the year 2005, valid till date. In the year 2003 a
 subsidiary 
 Nelcast USA Inc. was set up in the USA for managing the marketing,
 customer 
 care service and coordinating with the overseas clients of Nelcast,
 particularly 
 those located in the US.
 
 After witnessing three consecutive years of growth by over 50% in
 turnover 
 (2003, 2004 and 2005), the year 2006 saw the Company's turnover cross
 
 Rs.25,000 lakhs and winning the Best Vendor Award from Tafe Limited
 and 
 also the Outstanding Supplier Award from Eicher Motors Limited.
 
 Today, the combined manufacturing capacity of both the manufacturing
 units 
 stands at 72,000 MT p a, geared to reach 1,02,000 MT pa by the end of
 the 
 current financial year. Apart from servicing the domestic
 requirement, the 
 Company is also exporting to USA, Europe and Australia.
 
 Milestones
 
 Year Event
 
 1985  First unit in Gudur - Commenced Commercial production. Supply
 to 
          HCV manufacturers.
 
 1990  Started supply to farm equipment manufacturers.
 
 1994  ISO 9002 Quality Certification awarded to the unit at Gudur,
 valid till 
          the September, 2001.
 
 1995  Exports to US commenced.
 
 1996  New Unit in Ponneri Started Commercial production.
 
 1997  Turnover crossed Rs.5000 lakhs.
 
 2000  State of art machine shop consisting of CNC machines and
 special 
          purpose machines commissioned at the plant at Ponneri.
 
 2001  * State of the art Kunkel Wagner Moulding Line, installed at
 the Ponneri Unit.
                   * Exports to Australia commenced. 
          *QS 9000 Quality certification received for both the units,
 valid till January, 
           2006.
 
 2003  * Wholly Owned Subsidiary Nelcast USA Inc., incorporated in
 USA
                   * Turnover crossed Rs.10,000 lakhs.
 
 2004   Exports to Europe commenced
 
 2005  *Turnover crossed Rs.20,000 lakhs.
          * TS 16949 Quality certification received.
          * Third consecutive year of growth in turnover by 50%.
 
 2006  * Turnover crossed Rs.25,000 lakhs.
          * Exports cross USD 5 Million.
          * Awarded the best vendor award by Tafe limited and
 outstanding supplier 
            by Eicher Motors Limited. 
 
 2008
 
 - Nelcast bags exports orders of Rs 40 cr from European manufacturer
 Completes Phase I Expansion Plan at its new unit at Gudur.
 
 2009
 
 - Nelcast Limited has appointed Mr. A. Balasubramanian as Additional
 Independent Director by the board in the board meeting held on
 October 31, 2009.
 
 2010
 
 - Nelcast Limited recommended a dividend of Rs. 1.50 per share of Rs.
 10.00 paid-up for the financial year 2009-10.
 
 -  ISO 14001 & ISO 18001 Accreditation awarded in 2010.
 
 2011
 - Nelcast - Board declares Special Silver Jubilee Dividend  of Rs.
 12/- per equity share of Rs. 10/- each of the Company in view of the
 25th Anniversary.
 
 - Nelcast Ltd. Appointed Mr. S.  Radhakrishnan Additional Director of
 the Company.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2012
 
 -  Nelcast Ltd.has been appointed Mr. P. Deepak as Managing Director
 and Chief Executive Officer of the Company.
 
 -Nelcast Ltd recommended a final dividend of 40% i.e. Rs. 0.80 per
 share of Rs. 2/- paid up for the financial year 2011-12.
 
 2014
 
 - Board has recommended a Dividend of 35% i.e. Re. 0.70 per share of
 Rs. 2/-
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