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Automotive Axles Ltd.

BSE: 505010 | NSE: AUTOAXLES |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE449A01011 | SECTOR: Auto Ancillaries

BSE Live

Sep 17, 16:00
1227.95 -3.90 (-0.32%)
Volume
AVERAGE VOLUME
5-Day
892
10-Day
829
30-Day
2,262
713
  • Prev. Close

    1231.85

  • Open Price

    1240.00

  • Bid Price (Qty.)

    1213.00 (3)

  • Offer Price (Qty.)

    1233.20 (11)

NSE Live

Sep 17, 15:47
1223.95 -5.85 (-0.48%)
Volume
AVERAGE VOLUME
5-Day
13,070
10-Day
12,245
30-Day
26,075
7,269
  • Prev. Close

    1229.80

  • Open Price

    1234.25

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1223.95 (32)

Company History - Automotive Axles
Automotive Axles Limited was promoted as a joint venture in
 1981, between the Kalyani Group and Rockwell International
 Corporation, U.S.A. with the object of setting up a plant
 at Hootagalli in Mysore, Karnataka, to manufacture 20,000
 sets per annum of all types of complete automotive axles
 and axle assemblies, including components thereof and
 corresponding brake sets.  Commercial production commenced
 on July 1, 1984.
 
 This delay in commencement of commercial production was due
 to the following factors:
 
 1.  time taken for obtaining the approvals for products from
 OE customers
 
 2.  delay in obtaining clearance for import of certain
 critical equipment
 
 3.  time taken for development of certain critical forgings
 and training manpower to achieve requisite skill levels
 
 The Plant was set up at a cost of Rs. 303 million, which
 was financed through term loans of Rs. 218.3 million, an
 Equity issue of Rs. 82.5 million and the balance was
 financed out of Central subsidies (Rs. 1.5 million) and
 deferred credit (Rs. 0.7 million).  The Company entered the
 capital market with an issue of 16,50,000 Equity Shares at
 par in July, 1983 and the Issue was oversubscribed 8.03
 times. 
 
 2002
 
 -Appoints Mr Ashok Rao as President & Wholetime Director of
 Automotive Axles.
 
 2003
 
 -ICICI Mutual Fund through its various schemes acquires 795868 shares
 of the company representing 5.26% of the paid up capital of the
 company.
 
 2004
 
 -Automative Axles Ltd has informed that delisting of Companies Equity
 Shares from the Bangalore Stock Exchange and Pune Stock Exchange has
 been approved at the AGM held on January 29, 2004. The Company has
 further informed that Mr. Adelio Raschi has resigned as Director of
 the Company wef January 29, 2004.
 
 -Automotive Axles Ltd has informed that the Company's Equity shares
 are delisted from Bangalore Stock Exchange w.e.f. February 19, 2004.
 
 2007
 
 -AAL Opens New Occupational Health Centre
 -Automotive Axles Board approves interim dividend of Rs 6 per share
 
 2008
 
 -Automotive Axles Ltd has appoined Mr. Larry Dowers (who was an
 Additional Director on Board) as the Director liable to retire by
 rotation at the Annual General Meeting held on January 18, 2008.
 
 2009
 
 -Automotive Axles Board recommended a final dividend of Rs 2.7 per
 share
 
 2010
 
 -Appointed Mr.Satish Sekhri as an Additional Director of the Company
 
 -AutomtvAxles - Board recommends Final Dividend of Rs. 8.50 per share
 of Rs. 10/- each for the year 2009-2010
 
 2011
 
 -Company have established Contract Manufacturing Facility for
 producing the Trailer Axles 
 
 2012
 
 -AutomtvAxles - Board recommends Final Dividend of Rs. 10/- per share
 of Rs. 10/- each for the year 2011-12
 
 2013
 -Our Team participated in International Convention on QC Circle 2013
 and Won the 1st Prize Excellence award which is held at Taipei.
 -Automotive Axles Ltd has informed that the Board of Directors of the
 Company recommended a Final Dividend of Rs. 2/- per share of Rs. 10/-
 each
 
 2014
 -Automotive Axles Ltd has informed that the Board of Directors of the
 Company recommended a Final Dividend of Rs. 2.50 per share of Rs. 10/-
 each
 
 2016
 -Machinist Super Shop-floor 2016 Award
 -Kaizen Awards at Vidyavardhaka College of Engineering, Mysore
 -Solar Plant installed at Brakes plant
 -Public Convenience Facility at Chamundi Hill, Inaugurated by Sri
 Siddaramaiah
 -Kaizen Awards at Bangalore