National Standard (India) Share Price Live

Incorporated in 1962, National Standard Duncan manufactures bead-wire for tyres and other types of specialised wires. It was formed as a result of a collaboration between National Standard Company, US, and Indian Agency house of Duncan Brothers & Company, Calcutta. The wire division is constructing a wire plant at Baddi, Himachal Pradesh. The machinery division is establishing a full-fledged computer-aided-design facility at Thane and it is exploring the possibility of enhancing its capacity to produce engraved steel tyre moulds for off-the-road tyres, and segmental moulds for radial tyres. The company is a major exporter of tyre bead-wire and tyre moulds. It has specially developed hi-tensile tyre bead-wire with high tin content in the bronze plate, for the overseas markets. Company plans for constructing a new manufacturing unit for wire division, which has been temporarily kept on hold due to sluggish in the stock market. Company has intial steps to diversify its exports market & these will help the company to increase gradually in export demand for the Companys product. The Export performance of the Company continues to be recognized by the Engineering Export Promotion Council of India which has, as usual awarded the Certificate of Export Excellence to the Company. In view of the losses during the year under review i.e. 1999-2000, the company has become a sick industrial company with the meaning of SICA and a reference has been made to the BIFR.