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The company has sub divided its equity shares during March 2005 from every One Equity share of Rs.10/- each into Five Equity shares of Rs.2/- each and also announced Bonus issue of shares to its sharesholders in the ratio of 1:1. The company has expanded the installed capacity of Electron Guns and Bimetal Strips during the financial year 2003-04 by 3 crores(Nos) and 500 Tonnes respectively.Consequent upon this expansion,the total capacity of Electron Guns & Bimetal Strips have been increased to 13 crores(Nos) and 860 Tonnes respectively. The company has acquired Technical Know-how for production of Edge Welded Trimetals and during the year 1999-2000 has updated its manufacturing / engineering technical know-how for production of Bimetal Strips.Īs informed last year the company has Imported Edge Welding Machinery from Germany for manufacturing of Trimetals through EBT Technology and the machinery has been installed successfully and started its production in the early 2001.This is one of the modernisation programme the company has took up last year. It came out with a public issue in Jun.`95 to part-finance the project.ĭuring 1998-99, the company set up a facility to manufacture snap action discs. In 1995, the company embarked upon a diversification programme to manufacture thermo bimetal components for miniature circuit breakers, overload thermal relays and colour picture tubes. It also manufactures components which use thermostatic bimetal strips. It had a technical collaboration with Polymetallurgical Corporation, US, for a period of five years, which has now ended. This was the first plant in Asia outside Japan to undertake the manufacture of such a sophisticated item. The company has a plant at Chambaghat (Solan district), Himachal Pradesh, to manufacture thermostatic bimetal strips (inst. The company is promoted by P S Gill and N S Ghumman. Incorporated in Jun.`84 as a private limited company, Shivalik Bimetal Controls was converted into a public limited company in Feb.`85. Higher volumes, coupled with tighter cost management has resulted into 53% YoY increase in our bottom line.” We are also focusing on our established clients’ evolving needs in line with market trends, by making sure we remain technologically relevant. Rajeev Ranjan, Chief Financial Officer, added “We are strengthening the quality of our earnings by optimising various cost levers and driving efficiency in our operations. This will help us sustain our journey for quality growth well into the future,” he added We too are taking strategic steps in investing in and rewarding our people to ensure long-term tenures and to better empower them to meet evolving market opportunities for the Company. “The recent Covid disruption is leading all organisations to bolster their intellectual capitals. “Our strong overall performance in Q1FY23 amidst a tentative global economic environment is a testament to our innate resilience as an organization and our global industry-leading capabilities,” said Mr.
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