SUBROS LTD. SHARE PRICE [LIVE]

About SUBROS

Today's live share price for SUBROS LTD. is NSE: ₹ 301.65, BSE: ₹ 298.70 with a current market capitalization of .

Subros Ltd, incorporated as Subros Pvt Ltd in Feb.'85, was promoted by Ramesh Suri, Lalit Suri and Jayant Nanda. It turned into a public limited company in Oct.'85. It manufactures and supplies automotive airconditioning systems (AAS) and fan motor assemblies with the technology developed by its collaborators, Denso Corp (13% stake) and Suzuki Motors (13% stake), both from Japan. Denso Corporation(formerly Nippon Denso) provides technical information to implement projects and to manufacture automotive air-conditioning systems including swash-plate type compressors, clutches and other associated components for cars and light commercial vehicles. In addition to providing advice in regard to the design, manufacturing and production problems it also trains technical personnel of Subras. Subros caters to the OEM segment with clients such as Maruti(for its 800cc, 1000cc and 1300cc models, Gypsy and it's latest Wagon R and Alto), TELCO and PAL. Subros signed a MoU with Allied Signal Environment Catalysts (ASEC), US, for a joint venture to produce catalysts to be used in catalytic convertors in vehicles using unleaded petrol. In 1994-95, it signed a sub-agreement with IDBI for grant in respect of production of Non-CFC Gas AC systems. During 1996-97, the quality management system of the company was awarded BS EN ISO 9002 certification from the Bureau Veritas Quality International. Subros has the reputation of launching A.C. Systems for the latest models hiting the market and it's keeping the tradition now also. The Company is always looking for indigenisation of various components and development of modified A.C. System with latest technology for new model to be launched. Recently in 2000-01, it has undertaken conversion of conventional R-12 refrigerant based airconditioners to ecofriendly and non-ozone depleting R-134 refrigerant based A.C Systems for Maruthi's cars. Company has successfully commissioned a new plant at Noida. The second phase of the expansion is in progress which is financed through interanl accruals and partly by way of term loans from financial institutions. It has entered into new technical assistance agreement with the Collaborators, Denso Corporation, Japan for transfer of technology for desigining and development of new AC system based on 10S model compressor and multiflow condensers. The company's various ongoing projects like Multi Flow Condensor, Pressure Die Casting and other import substituion projects are on stream as on 2000-01. The company has undertaken expansion cum modernisation plan to increase the capacity from 3lakh A.C. Units to 5 Lakh A.C. Units per annun during the year 2002-03. Further the company has initiated plan to set up its own design and development centre with the help of R&D Department and assistance from technical collaborators, Denso Corp. Japan and expects to complete it by end of this year. The company has alos commenced commercial production of new generation 10S series compressor and started supplies to customers during the year 2002-03.