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About Fedders Electric & Engineering

Fedders Lloyd Corporation, incorporated on Jan. 1957 is engaged in the manufacture of Airconditioners and refrigerators. The company markets it's refrigerators under the Zenith brand and air-conditioners under Lloyd brand. The company came out with a public issue at a premium of Rs 5 in Jun.'94 to set up a new project having the latest and modern facilities to manufacture additional 15,000 air-conditioners & 1,20,000 frost-free refrigerators pa. The company has designed and installed the air-conditioning system for the outdoor broadcasting vans of Doordarshan, refrigerated cabinets for storage of blood, for use by the Defence forces and blood banks. The company entered in an MOU with Norway-based Sorkraft and Canada based S N C Lavalin to jointly develop hydro electric power projects in India. As part of this diversification the company plans to develop 150 MW of power in the next three years. In this regard the company has also shorlisted some location in Himachal Pradesh after extensive feasibility studies. In 1997-98, the company has embarked upon a new project at dist.Sirmour,, Himachal Pradesh for maufacture of window air conditioners and rail mounted packaged units for indian railways. During the year 1998-99, the company has incorporated a wholly owned subsidiary in Nepal under the name and style of "Reliable Manufacturing Pvt Ltd on 17.09.99. The company's unit at Kalkaji - New Delhi has received ISO 9002 Certificate from Dutch Council for Accreditation (RVA), Netherlands in the year 1999-2000. Company's Kalkaji unit has gone "live" on BaaN ERP (Enterprise Resource Planning) which offers an integrated information management system for the whole organisation and is fast becoming a tool for a modern day enterprise. The company is shifting the factory from Kalkaji, New Delhi to NOIDA, UP in compliance to the verdict of the Supremen Court of India Rulling asking the polluting industries to relocate of Industrial Polluting Units.

Parent Organisation
Indian Private
Managing Director
None
Founded
1957
NSE Symbol
FEDDERELEC

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10th July 2024
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10th July 2024
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Fedders Electric And Engineering Ltd FAQs

Fedders Electric And Engineering Ltd (FEDDERELEC) share price as of July 18, 2024, on NSE is Rs 4.6 (NSE) and Rs 4.6 (BSE) on BSE.
Yes, You can buy Fedders Electric And Engineering Ltd (FEDDERELEC) shares by opening a Demat account with Angel One.
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1. Direct investment: You can buy Fedders Electric And Engineering Ltd (FEDDERELEC) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Fedders Electric And Engineering Ltd (FEDDERELEC) shares.
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