BSE Live
Dec 27, 11:22Prev. Close
5.05
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-
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Offer Price (Qty.)
- (0)
NSE Live
Dec 27, 11:22Prev. Close
1.00
Open Price
-
Bid Price (Qty.)
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The Company was incorporated on 4th April, 1900 under the name Shree Shivajee Metal Works Companay Limited. The name was changed to the present name i.e. Shivaji Works Limited, on 11th September, 1929. Initially, the Company manufactured household utensils of brass and copper. In 1934, a small cast iron foundry was commissioned. The production of agricultural implements and vices was started from 1944 and in 1951, the manufacture of self priming pumps was undertaken. In 1959-60, the Company became a subsidiary of Kirloskar Oil Engines Limited, Pune. In 1962, a foundry with two pairs of cupolas was commissioned and the machining facility was strengthened. By 1969, the Company had modernised its foundry and begun a programme of foundry expansion with installation of induction furnaces etc. After 1971, efforts were concentrated to turn the foundry into a jobbing foundry and the manufacture of vices and pumps was discontinued. The Company later diversified and has been manufacturing steel and alloy steel castings since 1981, by going in for Investment Casting Process in technical collaboration with M/s. Hitchiner Manufacturing Co. Inc., US.A. for their CLA Process. The Company's manufacturing plants are located at Shivashahi, Solapur in the State of Maharashtra. Presently, the Company manufactures grey iron castings conforming to BIS Grades from FG 150 to FG 350 and steel and alloy steel castings by Investment Casting Process. The Company has a well equipped machine shop with modern CNC machinery which enables supply of fully machined castings to the reputed Original Equipment Manufacturers of Diesel Engines, Tractors, Commercial Vehicles and also Railways and Defence. The Company also has a well equipped pattern shop to manufacture intricate patterns in-house. The Company has developed import substitute castings for the Railways. In addition, development of S.G.Iron Castings has been undertaken. The management of the Company is vested in the Board of Directors consisting of eminent personalities from industries and professionals of proven track record and merit. Mr. Atul C Kirloskar who is Vice Chairman & Managing Director of Kirloskar Oil Engines Limited, the holding Company, is the Chairman of the Company and Mr. M M Palvanikar, who has B.Sc.(Hons.) Diploma in Industrial Engineering (Germany), MIIF, FIBF, Full Technological Certificate in Foundry Technology by City and Guilds of London Institute. Inc.ENG; is the Managing Director. He has over three decades of experience in foundry management, projects and operations. Subject to the superintendence, direction and control of the Board of Directors, the day-to-day operations of the Company are looked after by the Managing Director assisted by a team of well qualified and experienced senior managerial personnel.