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KSB Pumps Ltd share price today (on 2 April 2023).
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BSE: 500249 | NSE: KSBPUMPS | ISIN: INE999A01015 Market Cap: [Rs.Cr.] 729 | Face Value: [Rs.] 10 Industry: Pumps
KSB Pumps, Indian subsidiary of Klein Schanzlin & Becker (KSB), Germany,isone of the largest manufacturer and seller of pumps and valves in India. The company was established in 1960 in India. The company is engaged inmanufacture of power driven pumps and industrial valves, Cast Articles of Iron or Steel. The company has grown geographically and has it plantslocated at Pune, ahmednagar, Chinchwad, Nashik and Coimbatore since itsfirst plant which was set up at Pimpri, in Pune. in 1960. The company's ownfoundry plant is at Ahmednagar in Maharashtra. 87,01,516 Bonus Shares in the proportion of one new Equity Shares for everyone existing Equity Shares were issued with the allotment made on 5thApril, 1996. The company's Coimbatore plant,which was set up in technical collaborationwith Velan, Canada is into manufacture of submersible pumps and valves.
From1999 onwards the company has discontinued manufacture of valves of theVelan design. The company acquired around 75% of Pofran Engineering, thus makingpofran asits subsidiary in fiscal 2001. The company approved the scheme of amalgamation of its subsidiary,Grade-o-Castings Ltd. (GCL) with the company w.e.f 1st April,2001. Oneequity shareofRs. 10/- of the company is allotted for every one shareof Rs. 100/- of GCLheld. The company has launched a new range of chemicalpumps in 2000-01. During 2002-03, Pofran Engineering Ltd became a wholly owned subsidiary ofthe Company.
The whollyowned subsidiary of the company Pofran Engineering Ltd,has been amalgamated with the company with effect from 01.01.2004 pursuant totheorder of High Court of Mumbai. At present the companies capacity for producing Power Driven Pumps, Industrial Values, Carbon Steel Alloy Steel Alloy Iron Castings and Non Ferrous Castings stands at 105000 Tonnes, 170000 Tonnes, 6800 Tonnes and 200 Tonnes respectively.
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