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Salzer Electronics > Company History > Electric Equipment > Company History of Salzer Electronics - BSE: 517059, NSE: SALZERELEC
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Salzer Electronics

BSE: 517059|NSE: SALZERELEC|ISIN: INE457F01013|SECTOR: Electric Equipment
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Jul 17, 15:40
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2.9 (2.43%)
VOLUME 1,589
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Jul 17, 15:45
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Company History - Salzer Electronics
 Salzer Electronics was incorporated on 8th January, 1985 in technical
 collaboration with M/s Saelzer Schaltgerate Fabrik, Germany by Core
 Promoter Mr. R. Doraiswamy, who is a technocrat turned into an
 industrialist, for manufacture of CAM Operated Rotary Switches.
 
 Mr. Doraiswamy, a technocrat in Electrical Engineering, having a wide
 exposure and expertise in the industry by his intensive experience in
 various reputed companies, viz. Lakshmi Machine Works, Reiter Machine
 Works, Brown Boveri Baden, Sprecher + Schve Arrow, Switzerland.
 
 The company's thrust is to manufacture CAM Operated Rotary Switches
 with improved versions of utility both for domestic as well as
 industrial purposes.  In brief, the switches can be used for taking
 multiple outputs as well as sequences from single compact switches
 ranging from 6 Amps to 400 Amps, with variable programs.
 
 The company has a marketing tie-up with M/s Larsen & Toubro Ltd. for
 the domestic market, and one for export markets with M/s. Crompton
 Greaves Ltd.
 
 A separate company - Salzer Exports Pvt. Ltd. - has since been formed
 to cater exclusively to the global market.  It will become a
 subsidiary of the company in due course.
 
 2002
 
 -The Company recommended a dividend of 6% per share (i.e. Rs 0.60 per
 share of Rs 10/- each). 
 
 2005
 
 -The Company has recommended a dividend @ 11%.
 
 2007
 
 -The Company has recommended a dividend @ 18%.
 
 2008
 
 -The Company recommended a dividend of 18%
 
 2009
 
 -The Company has recommended a dividend of 16%.
 
 2010
 
 -The Company has recommended a dividend of 16%.
 
 2011
 
 -The Company has recommended a dividend of 16%.
 
 2012
 
 -The Company recommended a dividend of 12% for the year .  
 
 2013
 
 -Salzer Electronics has recommended a dividend of 12% for the year.
 
 2014
 
 -Mr. N Rangachary has been appointed as an additional director fo the
 company.
 
 2015
 -Salzer enters into Technical Alliance with Trafomodern.
 -Salzer Electronics successfully raises Rs 62.06 Crore through a
 Qualified Institutions Placement.
 
 2016
 
 - Salzer Electronics said that it has secured a Letter of Intent
 (LoI) worth Rs 18.70 crore from Energy Efficiency Services (EESL), a
 Joint Venture Company of PSUs of Ministry of Power, Government of
 India.
 
 
Source : Dion Global Solutions Limited
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