Suprajit Engineering Share Price Live

Suprajit Engineering Ltd (SEL) was incorporated in May'85 as a private limited company and was converted into public limited company in Jun'95. It was promoted by K Ajith Kumar Rai. The company eastablished a small scale industrial unit in 1987 for manufacture of cables for the Japanese automobile manufacturers in India with financial assistance from Karnataka State Financial Corporation-Banglore and in technical collaboration with Toh Fon Machine Company Ltd (TFMCL), Taiwan. The company is one of the major suppliers to the original equipment manufacturers viz. TVS Motors Ltd, Hero Honda Motors Ltd, Escorts Automotives Ltd, Kinetic Honda Motors Ltd, RHW India Ltd and Whirlpool Washing Machines Ltd. SEL's products are very well established with OEMs confirming to their quality standards. To meet the continued increased requirement of the customers, the company increased the capacity from 24 lakh cables to 36 lakh cables, the cost of which was met by contribution from the promoters and their group. During Oct'95, SEL came out with an public issue of 16,16,700 equity shares of Rs 10/- each for cash at a premium of Rs 20/- per share aggregating to Rs 4.85 crores to set up a separate unit for manufacture of instruments such as speedometers, odometers, tachometers, fuel guages etc. in technical collaboration with Chao Long Motor Parts Corporation, Taiwan. In 1997-98, the company has expanded its installed capacity from 48,00,000 to 60,00,000 Nos Cable. Both the units of the Company under the Cable Division were certified ISO-9002 by SGS Yarsley International Certification Services Limited, U.K. The company continued their technical colloboration with Chao Long Motor Parts Copr., Taiwan and has also absorbed their technology.The company has also developed specialised cables for the automotive sector during the year apart from developing various cables for two wheeler industry. In 2001-02 the automotive cable unit at Manesar Industrial Area has started its operations. The total installed capacity of Cable till March 2003 was 170.00 lacs. During 2002-03 a state of the art cable plant was set up at Manesar Industrial area,new New Delhi, The company has acquired Shah Concabs Private Ltd,a privately owned automotive cable manufacturer. The company has expanded its installed capacity of Cables by 11000000 and with this expansion,the total capacity has risen to 28000000(nos).Later again during the FY 2004-05,the company expanded the capacity by 8000000 and thereby the total has risen to 36000000(nos). On 12th of May 2006,the company has acquired the assets and business of CTP Gills Cables through its whollyowned subsidiary in UK-Gills Cables Ltd.Simultaneously,the acquisition of balance 50% stake in the 100% EOU CTP Suprajit Automotive Private Ltd held by Carclo Plc has also been acquired by the company.In the process,both Gills Cables Ltd,UK and CTP Suprajit Automotive Private Ltd are now whollyowned subsidiaries of the company.