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Magna Electro Castings Ltd.

BSE: 517449 | NSE: | Series: NA | ISIN: INE437D01010 | SECTOR: Castings & Forgings

BSE Live

Oct 14, 15:42
174.00 1.30 (0.75%)
Volume
AVERAGE VOLUME
5-Day
1,425
10-Day
1,645
30-Day
2,039
1,845
  • Prev. Close

    172.70

  • Open Price

    172.20

  • Bid Price (Qty.)

    171.85 (10)

  • Offer Price (Qty.)

    174.40 (9)

NSE Live

Dec 27, 11:22
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Magna Electro Castings is not listed on NSE
Company History - Magna Electro Castings
The company was incorporated as a public limited company on 22nd
 August 1990 under the name and style of Magna Electronics Limited. 
 Subsequently the name of the company was changed to Magna Electro
 Castings Limited and a fresh certificate of incorporation was
 obtained on 23rd December 1992.  The company does not have any
 subsidiaries.  The main promoter of the company is Mr. N Krishna
 Samaraj.
 
 2004
 
 -Magna Electro Castings Ltd has informed that the Company's shares
 have been delisted from the Madras Stock Exchange w.e.f. January 13,
 2004.
 
 2007
 -Company has recommended a dividend of 30%.
 
 2008
 -Magna Electro Castings Ltd has recommended a dividend of 21% on the
 equity share capital of the Company.
 
 2009
 -Magna Electro Castings Ltd has recommended payment of dividend of Rs
 1.50 per share (15%) on the Equity Share Capital.
 
 2010
 -Magna Electro Castings Ltd has recommended payment of dividend of
 Rs. 2 per share (@ 20%) on the Equity Share Capital.
 
 2011
 -Magna Electro Castings Ltd has recommended payment of dividend of
 Rs. 2 per share (@ 20%) on the Equity share Capital
 
 2012
 -Magna Electro Castings Ltd has have recommended payment of dividend
 of Rs. 2/- per share (@20%) on the Equity Share Capital.
 -Magna Electro Castings Ltd has informed that Mr. C. R. Swaminathsn
 has been appointed as a Additional Director in the Board of the
 Company effective from January 25, 2012
 
 2013
 -Magna Electro Castings Ltd has recommended a dividend of 18% (Rupee
 One and Paise Eighty Only)
 
 -Magna Electro Castings Ltd has established a core assembly shop to
 improve the dimensional accuracy of castings, installation of New
 Hunter XL 2024 molding machine,new CAM software and New Intensive
 Sand Mixer.
 
 2014
 -Magna Electro Castings Ltd has recommended payment of dividend Rs.
 1.60 per share (@ 16%) on the Equity Share Capital.
 
 - Company's Machineshop division has been awarded second time as a
 Power User of EDGECAM software for the year 2014.
 
 - Magna Electro Castings Ltd has been awarded with Best Supplier
 award for Commitment and Dedication to Excellence for the year 2014
 by FMC Technologies, Measurement.
 
 - Magna Electro Castings Ltd has established a core assembly shop to
 improve the dimensional accuracy of castings.
 
 - Magna Electro Castings Ltd has Purchased Adaptive Thermal Analysis
 system 
 
 2015
 
 -Magna Electro Castings Ltd certified for ISO 9001 & ISO/ TS16949
 certification by Bureau Veritas was schedule for the Recertification
 audit. 
 
 - The Company is pleased to announce the installation of a new state
 of the art Pressure Blast Equipment to clean the rust and scaling
 from the inner side of the intricate profile casting, a 1000 kW/1000
 Hz Tri Track Inductotherm steel shell furnaces of 3.6 tons
 capacity,installation of a new Hartford Double Column VMC machine
 with Nikken Rotary,power packs and 3D PRINTING Technology,
 Installation of Romer Portable CMM with 3D Scanner and Installation
 of CATA 2 system for its Furan Nobake continuous Mixer during the
 year.
 
 2016
 -Magna Electro Castings Ltd is recognised with Cash rewards for
 achieving a new bench mark in the overall Uptime of the Plant during
 the financial year 2015-16.
 -Magna is pleased to announce the installation of a new Twin pallet
 VMC with 4th axis drive and hydraulic power pack in its captive
 machine shop.