AIA Engineering Ltd Share Price

Summary

AIA Engineering Limited was incorporated on March 11, 1991, with the name Magotteaux (India) Private Limited. On November 4, 1978, Ahmedabad Induction Alloys Private Limited, promoted by Mr Bhadresh K Shah was incorporated. This company was merged with AIA Engineering Limited on April 1, 1991. Thereafter, the name of the company was changed to AIA Magotteaux Private Limited effective from May 11, 1992 and further was changed to AIA Engineering Limited on May 2, 2000. The Company is engaged in manufacturing of High Chrome Mill Internals. It designs, manufactures and sells a wide range of consumable wear parts (Mill Internals) which are used in the process of Crushing and Grinding in Cement, Mining, Thermal Power and Aggregate industries. The Companys current capacity stands at 4,60,000 MT of annual production of High Chrome Mill Internals. In the year 1995, the company made a technical collaboration with Southwestern Corporation (SWC), USA for process improvement in Raymond mills. In the year 1997, they associated with Alstom for process know-how for Stein designed mills for power plants. In September 2003, AIA Exports Pvt Ltd merged with the company with effect from April 1, 2002. In the same year, they acquired the 100% stake in Vega UK through Vega Middle East, thereby making all Vega companies wholly owned subsidiaries. During the year 2003-04, a wholly owned subsidiary in the name of Vega Industries (Canada) Inc was incorporated in Canada. On December 31, 2004, the compan
Read More