Company History - Ahura Welding Elec Mfg
1963 - Ahura Welding Electrode Manufacturers Limited. (AWEML) was
incorporated on 31st December, as a Public Limited Company
the Companies Act, 1956. The Company obtained a license from
Government for the manufacture of Manual Arc Welding
- The Company was originally promoted by Mr Soil Hataria, Mr A K
Rahaman Salt, Mr K Sunder Raj, Mr G N Venkatapathy, Mrs Dinoo
Hataria, Mr A R Balakrishnan and Mr J M Thambuswamy. The
ceased its operations in 1968 without getting into commercial
production. The electrodes of the company are marketed under
brand name SUN ARC.
1979 - The Company started another factory in Ambattur Industrial
Estate, Chennai for manufacturing welding electrodes during
year by obtaining a term loan of Rs 6.6 lakhs from TIIC Ltd.
- The present capacity of the Welding Division is 55.42 Million
Running Meters (MRM).
- The company has a well established dealer and sub dealer
that has been in existence for more than two decades for
marketing its Electrodes.
1986 - The Company had made a Bonus Issue in the ratio of 1:1 by
120000 shares on 27th March. The Company issued 15,00,000
Shares in the ratio of 3:1 by capitalising Rs 150 lacs out of
free reserves on 20, December, 1994.
1988 - The Company also made forays into Textile Industry (Kimura
Textiles, a division of AWEML) for texturising and twisting
yarn with financial assistance from GSFC and GIIC.
1973 - The Company had an Equity of Rs 12.00 lacs. It issued Bonus
shares in the ratio of 1:1 during the year 1986. The share
holders of the company were offered equity shares in the ratio
1:3 during the year 1992.
1992 - A Rights Issue of 8000 Shares of Rs 100/- each at par, which
closed on 12th February. Of this 75,350 shares were
and paid aggregating Rs 7,53,500/-. These Shares were
on 15th February.
1994 - A preferential offer of Rs.18.47 lacs was made to the
taking the Equity of the company to Rs.50 lacs. A Bonus
has been made In the ratio of 3:1 out of Free Reserves in
December, thereby raising the Equity of the Company to Rs 200
lacs. The shares of the Company are listed on the Coimbatore
Madras Stock Exchanges.
- The Company proposes to expand and diversify its welding
of Coimbatore, by getting into the manufacture of Special
Electrodes viz Low Hydrogen and Low Heat Input Electrodes.
- The Textile Division of the Company proposes to expand its
texturising capacity by adding 3 texturising machines with a
capacity of 216 spindles each increasing its current capacity
192 Spindles to 840 spindels.
- Surat based Textile Division was adversely affected due to
Recession in Textile Industry throughout 93-94; Imposition of
Central excise duty on texturisers with effect from 1st
- The company had entered into international market by
electrodes during the year and it is making determined efforts
increase the export turnover and thereby earn valuable
- The Company has proposed to buy and install one second hand
imported texturising machine to increase the productivity of
textile division and make it a profitable division.
- The company is also planning to increase the productivity of
welding division by installing an imported continuous drying
and Semi Automatic packing machines to improve the
1995 - The Company proposes to construct 15549 sq. ft. comprising
Factory Building, Research and Development Lab and
Block at Coimbatore.
- The Company also proposes to construct Factory Buildings, Raw
Material & Finished Goods Store Rooms, Canteen aggregating
Sq. ft at Surat.
- The Company proposes to establish a full fledged welding
electrode manufacturing line for special electrodes.
- The Company has tensile Testing, Impact Testing, Hydrogen
Testing Equipments and Carbon-Sulphur Determinator which
given instantaneous computerised result.
- The Company has established a Central Marketing Division based
Chennai consisting of a team of sales/marketing engineers
at Various industrial towns and cities like Jamshedpur,
Pune, Mumbai Chennai, Banaglore, Coimbatore, Ankleshwar etc.
- Public Issue of 20,00,000 Equity Shares of Rs 10/- each for
at a Premium of Rs 30/- per share aggregating Rs 800 Lakhs.
1996 - The company has installed additional machineries as required
its welding division for manufacture of M. S. and special
- The Company could not expand the production capacity of its
Textile Division at Kim, Surat due to non-receipt of
money (including share premium) to the extent of Rs.362.40
1998 - The Company's Research and Development wing has developed a
special type of stainless steel electrode for critical
application and the company hopes to market this electrode in