09 Jun, EOD - Indian

SENSEX 82445.21 (0.31)

Nifty 50 25103.2 (0.40)

Nifty Bank 56839.6 (0.46)

Nifty IT 37669.2 (1.00)

Nifty Midcap 100 59674.95 (1.13)

Nifty Next 50 68843.5 (1.25)

Nifty Pharma 21826.8 (0.66)

Nifty Smallcap 100 18873.4 (1.57)

09 Jun, EOD - Global

NIKKEI 225 38088.57 (0.92)

HANG SENG 24158 (1.54)

S&P 6026.21 (0.08)

LOGIN HERE

flag

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : | NSE Symbol : | ISIN : | Industry : |


Company History

Hindusthan Urban Infrastructure Limited was incorporated on October 17, 1959. The Company is engaged mainly in the business of manufacturing & selling electrical conductor, insulator products and also engaged in real-estate activity of renting out property. In 2000, the Company tookover Insulators & Electricals Company Mandideep, MP.

Cable division at Faridabad was expanded by installation of CCV line to manufacture HT XLPE Power Cables in 2003-04. The Company installed shaftless stranding (20+24+32) machine running at 250 rpm from, 'BAGGAR Denmark' in 2005. In 2012, the Company's subsidiary, Hindusthan Vidyut Products Limited (HVPL) commenced production at its new conductor plant setup at Guwahati. First Solar plant with parabolic mirrors of 120 KW commissioned in 2012.

During the year, the existing subsidiary namely Hindusthan Speciality Chemicals Limited (Formerly: Hindusthan Alkalies Limited) became wholly owned subsidiary of the Company with effect from 09 September 2013.'

The Company started conductor & Aluminium wire rod production for Domestic & Export Markets at its state-of-the-art new facility in Khurda, Odisha in 2015. The first HTLS-composite carbon core conductor order was manufactured and exported to South Africa and ACSS to Domestic market. Hindusthan Speciality Chemicals Limited, the Company's subsidiary started production of Epoxy-formulated products.

During the year 2014-15, the Company had successfully executed export orders (including sale under global tenders in India) worth Rs. 374.27 Crores.

During the year 2015-16, the Company has received letter from Delhi Stock Exchange (DSE) where the securities of the Company are listed advising the Company to give its consent for recommending it to the Dissemination Board (DB) of BSE Limited. The Company has given its consent to DSE to recommend to the Dissemination Board (DB).

During the year 2015-16, Hindusthan Vidyut Products Limited (HVPL) a non-material wholly owned subsidiary company was incorporated on 12th August 2014, which is not carrying on any operations presently.

The Company has three non-material wholly owned subsidiary companies i.e Hindusthan Speciality Chemicals Limited, Hindusthan Vidyut Products Limited and Hindusthan Projects Limited.

In FY 2016-17, Hindusthan Speciality Chemicals Limited, wholly owned subsidiary has become material subsidiary of the Company. Hindusthan Speciality Chemicals Limited (HSCL), company has taken further steps towards setting up of state of the art green field manufacturing facility of Epoxy Resin and formulated products at Jhagadia Distt, Bharuch, Gujarat. The construction work has commenced and is proceeding actively on various fronts. Orders for long lead-time Plant & Machinery packages, has also been placed & ordering for further packages is in progress. The Company is marketing various grades of Epoxy Resins & specialty formulations in it's own brand name with the support of technology partners. A well-equipped application development & testing facility, having equipments catering to requirement of customer's in area of electrical & composites sector has been set-up in Taloja facility.

During the year, the equity shares of the company were listed w.e.f July 14, 2016.

Hindusthan Vidyut Products Limited and Hindusthan Projects Limited wholly owned non-material subsidiaries have not commenced any commercial activity during the year 2017-18.

During the year 2017-18, the company targeted to increase sales of manufactured products and also expand the product range into newer applications. Regional export markets are also being taken-up. A sum of Rs. 58.752 Crores has been paid till 31st March 2017, by way of equity capital by the company to Hindusthan Speciality Chemicals Limited, a wholly owned material subsidiary.

During the year 2017-18, Company treated 'Faridabad Property' as a separate 'Real Estate' segment.

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +