Aluminium Industries Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 14
Rank 15
Rank 13
Dividend Yield
Rank 9
Rank 21
Price To Book Ratio
Rank 10
Debt To Asset
Rank 13

Company Information

Incorporated in 1946 Aluminium Industries AIL was formed to manufacture plain steel covered aluminium conductors for electrical overhead transmission purposes accessories and fittings alluminium transmission lines general utility aluminium wire and aluminium alloy castings. The companys products are sold under Alind brand name.In 198586 AIL entered the electrical contracting field. In 199293 its Kundara division developed a special alloy conductor. In 197677 a technical collaboration agreement was signed with DelliAlsthom France to manufacture 132 kV and 220 kV circuit breakers and current transformers. The static relays project was commisssioned in Jan82. In the switchgear division at Mannar the company had taken up the implementation of the project for the manufacture of switchgear in collaboration with Alethom Atlantique. Another project was also taken up for the manufacture of wear resistant and alloycastings at Lingampalli Hyderabad in technical collaborations with Firth Brown Castings UK. In 198485 the company obtained a licence for the manufacture of vaccum circuit breakers in collaboration with Meidensha of Japan. During 198788 the company came under the provisions of Sick Industrial Companies Sp.Provisions Act 1985 and a reference was made to BIFR. BIFR finalised rehabilitation scheme submitted by IRBI in Oct.89 which was being implemented from 1 Nov.89. As per the approved scheme the Somani group and banks inducted Rs 300 lacs and Rs 1050 lacs respectively into the company. Koylon Trading Agencies is the whollyowned subsidiary of the company. A company under the name Alind Nigeria was incorporated in Nigeria for the manufacture of condcutors and cables.
OrganisationAluminium Industries Ltd
IndustryNon Ferrous Metals