Precision Electronics Ltd Share Price

(517258)

Precision Electronics Limited (PEL), incorporated in May 79 in Haryana, is a manufacturer of PCBs and PCMMUX. It was the first venture promoted by technocrat A. Kanodia, an electrical engineering and business management graduate from the MIT US, and has plants in Faridabad Harayana with installed capacity to produce 10000 sq mtr of single and double-sided PCBs and 500 PCMMUX terminals per annum.PEL also manufactures 24000 sq mtr of double-sided plated through hole PCBs and a variety of other products, in collaboration with Wagner Germany. To meet the increasing demand for digital exchange, it has entered into a technical and financial collaboration with Societe Anonyme de Telecommunication, France. Having made its maiden exports in 199495, the Company is one of the very few with automatic inspection status by DoT/TEC. Since 2017 it has been registered as a 'sick company' with the Board for Industrial and Financial Reconstruction to avail need-based relief and concessions for financial reconstruction, with IFCI acting as operating agency.