ADOR WELDING LTD. (ADORWELD) - cmp- 334 for of short term target of 440
Ador Welding Ltd(AWL) , formerly known as Advani Oerlikon Ltd, was promoted on 22 Oct.'1951 by J B Advani & Co and the Oerlikon-Buhrle group (now unaxis), Switzerland. It is India's leader in the field of Welding Products, Technologies & Services. Over the last 50 years, AWL has successfully built a brand that is recognized for Quality & Services in over 40 Countries today. With six manufacturing plants, a comprehensive distribution & highly acclaimed Centre for Welding Excellence CWE, AWL continues to provide the highest level of Customer Satisfaction. The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products & Welding Automation Systems
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Welders 2 The Nation - ADOR WELDING LTD, BSE Code - 517041 Watch this important video for Multibagger's Profile :)
In an exclusive interview with ET NOW that was telecasted on 25th October 2016, Mr Satish Bhat –MD Ador Welding Ltd(AWL) highlighted all-round growth at AWL in terms of significantly higher SALES, higher PAT and higher EBITDA in Q2 . He spoke about AWL’s focus areas for Q3 and beyond towards increasing market share, diversifying the product portfolio by tapping new market segments.
Please click the video for further details.
ADOR WELDING LTD - SHAREHOLDING PATTERN
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AWL has six manufacturing plants at Bhandup, Chinchwad, Raipur, Chennai, Pimpri and Silvassa, offers a welding package which includes a wide variety (over 200 types) of electrodes, fluxes, flux-cored wires and special customised electrodes. The company has installed capacity of 1,07,800 tpa for Arc Welding Electrodes & Continuous Welding Wires and Fluxes. It caters to the steel, ship-building, defence, power, automobile, general fabrication and engineering industries. The company has Two Technology Development Centres (TDC) at Bhandup (Mumbai) and Chinchwad (Pune) in Maharashtra. These TDCs continue to pursue their goals, with renewed vigour, in terms of innovations, improvements and cost reductions.
The company came out with a rights issue in Jan.'1994 to part- finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies - Oerlikon Burhle, Switzerland, and La Soudure Autogene Francaise, France. Certification from internationally accepted inspection agencies - Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and Bureau Veritas -- makes Advani Oerlikon's products globally acceptable. It has also received the ISO-9002 certification for its 100% EOU.
During 1998-99 'Semiconductor Limited' a 100% subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL & Central Depositary Services (I) Ltd & the same is expected to start its operation soon and expand its reach.
The company made buy back of 22,29,833 equity shares @ Rs.20/- per shares totalling to Rs.4.46 crores in 2002-03. M/s Oerlikon Welding Limited, the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order, an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April,2002.
In 2006, the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products
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