Ador Welding Ltd(AWL) , formerly known as Advani Oerlikon Ltd, was promoted on 22 Oct.1951 by J B Advani Co and the OerlikonBuhrle group (now unaxis), Switzerland. It is Indias leader in the field of Welding Products, Technologies Services. The Company is also engaged in providing customized solutions for multidisciplinary projects and contracts related to refineries, oil and gas,petrochemicals, fertilizers, steel plants, pharma, water and other chemical process industries. The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products Welding Automation Systems. The Company changed to its present name in September, 2003 from Advani Oerlikon Ltd.AWL has six manufacturing plants at Bhandup, Chinchwad, Raipur, Chennai, Pimpri and Silvassa, offers a welding package which includes a wide variety (over 200 types) of electrodes, fluxes, fluxcored wires and special customised electrodes. The company has installed capacity of 1,07,800 tpa for Arc Welding Electrodes Continuous Welding Wires and Fluxes. It caters to the steel, shipbuilding, defence, power, automobile, general fabrication and engineering industries. The company has Two Technology Development Centres (TDC) at Bhandup (Mumbai) and Chinchwad (Pune) in Maharashtra. These TDCs continue to pursue their goals, with renewed vigour, in terms of innovations, improvements and cost reductions.The company came out with a rights issue in Jan.1994 to part finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies Oerlikon Burhle, Switzerland, and La Soudure Autogene Francaise, France. Certification from internationally accepted inspection agencies Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and Bureau Veritas makes Advani Oerlikons products globally acceptable. It has also received the ISO9002 certification for its 100% EOU.During 199899 Semiconductor Limited a 100% subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL Central Depositary Services (I) Ltd the same is expected to start its operation soon and expand its reach. The company made buy back of 22,29,833 equity shares Rs.20/ per shares totalling to Rs.4.46 crores in 200203. M/s Oerlikon Welding Limited, the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order, an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April,2002.In 2006, the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products.The Company commenced manufacture and sale of Power Generators of 15 to 125 KVA capacities on a moderate scale in FY 200607. The new Flux Cored Wire Plant commissioned at Silvassa in 2008. Another Submerged Arc Welding Flux Plant was built at Chennai.During the financial year 201011, M/s. J B Advani Company Pvt. Ltd., the promoter / parent Company of the Company acquired further shares of the Company and became the Holding Company since February, 2011. In 2012, the Company launched King Series of Gas Cutting, PPE Welding Accessories Products. It set up Welding Application Technical Centre (WATC) showcasing an extended portfolio of Automation Solutions. In 2013, it launched profile cutting CNC Machine.During FY 201718, the Company launched new products in welding and cutting segment also in WAPS and Project EngineeringBusiness. It installed Solar Power Plant at Raipur Factory with the capacity of 518 KWP during FY 201920. During FY 202122, it installed Solar Power Plant at Silvassa Factory with the capacity of 115 KWP.
What is the current share price of Ador Welding Ltd today on both NSE and BSE?
Ador Welding Ltd shares are currently priced at 1318.4 on NSE and 1320.95 on BSE as of 5/8/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Ador Welding Ltd [ADORWELD] shares performed in the past ?
The past 1-year return of Ador Welding Ltd [ADORWELD] share was 24.74. The Ador Welding Ltd [ADORWELD] share hit a 1-year low of Rs. 1022 and a 1-year high of Rs. 1770.
What is the market cap of Ador Welding Ltd [ADORWELD] ?
The market cap of Ador Welding Ltd is Rs. 1817.3 Cr. as of 5/8/2024 12:00:00 AM.
What is the current P/E ratio of Ador Welding Ltd [ADORWELD] share price ?
The PE ratios of Ador Welding Ltd is 28.82 as of 5/8/2024 12:00:00 AM.
What is the current PB ratio of Ador Welding Ltd [ADORWELD] share price ?
The PB ratios of Ador Welding Ltd is 5.02 as of 5/8/2024 12:00:00 AM
What is the Mutual Fund shareholding in Ador Welding Ltd?
The Mutual Fund Shareholding was 3.29% at the end of 5/8/2024 12:00:00 AM.
How can I buy Ador Welding Ltd shares?
You can easily buy Ador Welding Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.