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Hindustan Wires Ltd.

BSE: 504713 | NSE: | Series: NA | ISIN: INE075C01010 | SECTOR: Steel - Medium & Small

BSE Live

Aug 27, 16:00
39.90 0.00 (0.00%)
Volume
No Data Available
1,501
  • Prev. Close

    39.90

  • Open Price

    42.50

  • Bid Price (Qty.)

    39.90 (500)

  • Offer Price (Qty.)

    42.50 (199)

Hindustan Wires is not traded on BSE in the last 30 days

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
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  • Prev. Close

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  • Open Price

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  • Bid Price (Qty.)

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Hindustan Wires is not listed on NSE
Company History - Hindustan Wires
YEAR                       EVENTS
 The Company was incorporated on 28th March1959 , at Calcutta.The main
 object of the Company is manufacture of high tensile, spring-steel,
 concrete re-inforcement, signal, galvanised, hard, bright and
 annealed wires, wire ropes and other allied products.
 
 Kobe Steel Works, Ltd. and its subsidiary Shinko Wire Co., Ltd.,
 Japan were the Company's collaborators for manufacture of tyrebead,
 pre-stressed concrete and other high tensile wire. Shinko Wire Co.,
 Ltd. and Okura Trading Co., Ltd., Japan were the Company's technical
 collaborators for the manufacture of specialised wire such as cycle
 spoke, high tensile, galvanised signal spring steel, cable armouring
 and profile. All shares issued to promoters, directors, etc.
 
 1960 - 2,00,000 shares issued to Director, etc., and 2,50,000 shares
 
        offered to the public.
 
 1969 - In October, 1,50,000 No. of equity shrares and 32,000 Pref.
        shares offered to the public.  In March 1970, 3,25,000 Bonus
        Equity shares issued in prop. 1:2.
 
 1973 - 3,25,000 Bonus Equity shares issued in the prop. 1:3.
 
 1974 - 5,20,000 Right Equity shares issued at par.
 
 1981 - A plant was set up with a capacity of 6,000 TPA of high
 tensile
        wire at Faridabad.  Another plant to manufacture 1,00,000
 nos.
        LPG cylinders per annum was also commissioned during the
 year.
 
 1982 - An automobile tyre bead wire plant was commissioned at
 Faridabad.
 
 1984 - A unit was set up for manufacture of 4 lakh TPA of LPG
 cylinder
        Valves.  Also, another plant with an installed capacity of 1
 lakh
        LPG regulator was commissioned during 1987-88.
 
      - The Company had to cut down production of L.P.G. cylinders
        because of suspension of deliveries by oil companies for a
 few
        months.
 
 1985 - The Company took up modernisation and upgradation programme.
 
      - The Company revalued its land and building and machinery as on
 
        30th June.  The net surplus arising out of this was
 transferred
        to revaluation reserve under capital reserves.
 
 1989 - Production activities were adversely affected due to acute
        shortage of M.S. Wire Rods and lock-out for 52 days at
 Faridabad
        works due to inter-union rivalry.
 
      - The Company privately placed with BOB Fiscal Services, Ltd.
 and
        SBI Mutual Fund 14% non-convertible debentures of the
 aggregate
        face value of Rs.400 lakhs.  These debentures are redeemable
 at a
        premium of 5% in three equal instalments beginning from
 1995-96.
 
 1991 - The Company undertook a modernisation and renovation programme
 of
        its plants at Sodepore and Faridabad.  Funds under the
 Equipment
        Finance Scheme of Industrial Reconstruciton Bank of India and
        Industrial Finance Corporation of India were availed to part
        finance the programme.