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NESCO Ltd.

BSE: 505355 | NSE: NESCO |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE317F01035 | SECTOR: Diversified

BSE Live

Jul 23, 16:00
602.00 -7.85 (-1.29%)
Volume
AVERAGE VOLUME
5-Day
10,112
10-Day
12,861
30-Day
17,347
8,655
  • Prev. Close

    609.85

  • Open Price

    610.00

  • Bid Price (Qty.)

    602.20 (30)

  • Offer Price (Qty.)

    602.95 (2)

NSE Live

Jul 23, 15:59
602.30 -7.25 (-1.19%)
Volume
AVERAGE VOLUME
5-Day
82,694
10-Day
123,638
30-Day
296,564
66,786
  • Prev. Close

    609.55

  • Open Price

    612.00

  • Bid Price (Qty.)

    602.30 (323)

  • Offer Price (Qty.)

    0.00 (0)

Company History - NESCO
New Standard EngineeringCo. ltd. (NSE) is a multi product, multi
 division enterprise established in 1939.
 It was promoted in 1939 by Mr. J. V. Patel.
 The company was amalgamated with Burjorji Pestonji & Sons Pvt. Ltd.,
 a company incorporated on April 15, 1946.  Its name was subsequently
 changed to new Standard Enginering Company Ltd. on May 20, 1959.
 New Standard Engineering is a well diversified company manufacturing
 textile spinning machinery, forging equipment, abrasives & onshore
 oil recovery equipment with technology from world's leading
 corporations viz. Wheelabrator corporation Inc., U.S.A.; Davy Mckee
 (Sheffield) Ltd., U.K.; Salzgitter Machinenbau GmbH, Germany; &
 Schubert & Salzer, Ingolstadt, Germany.
 Due to prolonged depression in its hitherto main product line-textile
 machinery & the gestation period for its new products, the company
 made losses from 1984 till 1990.  As a result, the company approached
 the BIFR to restructure its past dues.
 The BIFR package has restructured & rescheduled the past dues & also
 provides that all needbased working capital requirements of the
 company would be met by banks at an interest rate of 15% p.a.
 The company has received an award for its outstanding performance in
 exports of textile preparatory & Spinning machinery for 1991-92.
 The company has also reached an agreement with Wheelabrator Allevard,
 France, to set up a joint venture for the manufacture of abrasives in
 India.
 
 2002
 
 -Nesco Ltd,  face value of shares changes from Rs.100/- to Rs.10/-.
 
 2004
 
 -NESCO merges Indabrator with the Company 
 
 2005
 
 -NESCO Recommended 12% Dividend for the year
 
 2006
 
 -NESCO Recommended 12% Dividend for the year & Recommended Issue of
 Bonus Shares in the ratio 1:1 viz. One share for every one share
 held.
 
 -Nesco has given the Bonus in the Ratio of 1:1
 
 2007
 
 -NESCO has recommends a dividend of 12% for the year
 
 2008
 
 -NESCO has recommends a dividend of 12% for the year
 
 2009
 
 -NESCO  has declared dividend @ Rs 1.20 per share.
 
 2010
 
 - NESCO has recommends a dividend of 15% 
 
 - NESCO recommended issue of Bonus Shares in the ratio of 1:1.
 
 2011
 
 - Nesco Ltd  has declared 25% dividend @ Rs. 2.50 per share.
 
 2012
 
 - Nesco Ltd Appointed Mr. Dipesh R. Singhania as Chief Financial
 Officer and Compliance Officer of the Company w.e.f. April 12, 2012.
 
 - NESCO has recommends a dividend of 30%
 
 2013
 -NESCO has recommended dividend of 35% @ Rs. 3.50 per equity share of
 Rs. 10/- each.
 
 2014
 -NESCO as recommended dividend of 50% i.e. Rs. 5/- per equity share
 of Rs. 10/- each.