Salzer Electronics Share Price

Promoted by Salzer Group,SALZER ELECTRONICS LIMITED was incorporated in the year 1985. The company is been engaged in manufacture of Cam Operated Rotary Switches,Terminal Connectors & On Load Isolators. The company has introduced new products such as 'S' Line series,Phase changing control panels and Switch fuse units in the year 1990. The company has made an entry in Australian Market in 1991 through the dealer VGL IMPEX PTY LTD,Australia and the quality of the products are been well accepted in Singapore,Malaysia,Australia,Greek,USA and Middle East. The company has commissioned a Wind Mill of 225 KW capacity in the year 1995 at Kathenur in Coimbatore to generate power from the wind for captive consumption. In 1996, M/s Salzer Exports Pvt Ltd became the subsidiary of Salzer Electronics Limited.Later M/s Salzer Spinners Limited became subsidiary of Salzer Electronics Limited. In the same year,the company had issued Bonus Shares at the ratio of 1:1. Further the company has also issued Right Shares at the ratio of 1:1 immediately after the Bonus Issue. Consequently,the paid up share capital of the company has been increased from Rs.0.72 crores to Rs.2.41 crores after Bonus and followed by the Rights Issue. The present Issued & Paid up Share Capital of the company is Rs.2.75 crores. The company had amalgamated M/s Salzer Controls Limited(SCL) with the due approval from High Court of Chennai in 2001-02. The present installed capacity of Cam Operated Rotary Switches,Terminal Connectors and On Load Isolators are 10,00,000 nos, 5,00,000 nos, 1,00,000 nos respectively. The Company is also contemplating to develop new products of electro mechanical switches to meet the requirements of the automobile industry. It is also roping with L & T Ltd and Crompton Greaves Ltd for marketing its products both in domestic and international markets.