AIA Engineering Ltd Share Price

Description

• AIA Engineering is a company operating in design, development and manufacturing businesses. The company has a market capitalization worth Rs. 6523.99 crores as of 10th May 2021, and was incorporated in the year 1979 at Ahmedabad. The company reported a quarterly profit of Rs. 432.36 crores for the quarter ended 31st December 2020. The company is also listed in the Bombay Stock Exchange (BSE) with the code 532683 and listed on the National Stock Exchange (NSE) with the symbol AIAENG. AIA Engineering is an ISO 9001 certified company engaged in developing, designing, manufacturing, installing, and serving high chromium wear, abrasion-resistant and corrosion-resistant castings used in mining, thermal power generation, and cement industries. The company leads in quality of the services and innovation in the field it operates in with an enviable reputation. AIA Engineering has a wholly-owned subsidiary, Vega Industries, which exclusively provides its product customer support and technical service from its offices worldwide. The company has a global presence across the world in terms of sales and service office. The standalone net profit of AIA Engineering as of the quarter ended September 2020 stood at a declination of 36.68%, at Rs. 143.12 crores. As against this, the consolidated profit figures rose to a profit increase of 1.94% as of the quarter ended December 2020. The company announced a continuation of its subsidiary, Welcast Steel, which brought in a gain of 2% as it decided to continue the manufacturing unit at Bengaluru. Although the company's business is facing uncertainties due to the pandemic induces lockdown in most parts of the world, the mining and cement industries are witnessing a revival phase. AIA Engineering is setting a manufacturing plant for Mill Liners with a capacity of 50000 metric tonnes and an estimated CAPEX of Rs. 250 crores. The project is said to commission in the first half of 2021. The company has currently paused the last phase of its Grinding Media expansion and intends to resume in FY 2021-2022. The order book of the company as of 1st January 2021 stood at Rs. 560 crores. AIA Engineering reported a turnover of Rs. 40.92 lakhs as of May 2021.

• AIA Engineering is a company operating in design, development and manufacturing businesses. The company has a market capitalization worth Rs. 6523.99 crores as of 10th May 2021, and was incorporated in the year 1979 at Ahmedabad. The company reported a quarterly profit of Rs. 432.36 crores for the quarter ended 31st December 2020. The company is also listed in the Bombay Stock Exchange (BSE) with the code 532683 and listed on the National Stock Exchange (NSE) with the symbol AIAENG. AIA Engineering is an ISO 9001 certified company engaged in developing, designing, manufacturing, installing, and serving high chromium wear, abrasion-resistant and corrosion-resistant castings used in mining, thermal power generation, and cement industries. The company leads in quality of the services and innovation in the field it operates in with an enviable reputation. AIA Engineering has a wholly-owned subsidiary, Vega Industries, which exclusively provides its product customer support and technical service from its offices worldwide. The company has a global presence across the world in terms of sales and service office. The standalone net profit of AIA Engineering as of the quarter ended September 2020 stood at a declination of 36.68%, at Rs. 143.12 crores. As against this, the consolidated profit figures rose to a profit increase of 1.94% as of the quarter ended December 2020. The company announced a continuation of its subsidiary, Welcast Steel, which brought in a gain of 2% as it decided to continue the manufacturing unit at Bengaluru. Although the company's business is facing uncertainties due to the pandemic induces lockdown in most parts of the world, the mining and cement industries are witnessing a revival phase. AIA Engineering is setting a manufacturing plant for Mill Liners with a capacity of 50000 metric tonnes and an estimated CAPEX of Rs. 250 crores. The project is said to commission in the first half of 2021. The company has currently paused the last phase of its Grinding Media expansion and intends to resume in FY 2021-2022. The order book of the company as of 1st January 2021 stood at Rs. 560 crores. AIA Engineering reported a turnover of Rs. 40.92 lakhs as of May 2021.